Ethereum (ETH) Primed for Rebound to $1,900 if This Key Resistance Breaks – Top Analyst

2023-10-20 16:35

Ethereum has shown signs of recovery after holding key support at around $1,520 in mid-October. Though still stuck in a consolidation zone between $1,500 and $1,700 since August, Ethereum’s price has climbed back above $1,600 today. Now, Ali reveals to his 31k followers on X how Ethereum could be poised for a larger rebound if bulls can build on this momentum.

Ascending Triangle Spotted

In spite of the sideways churn, Ali points to an ascending triangle pattern that has formed on Ethereum’s 3-day chart. This technical setup consists of horizontal resistance along with rising higher lows – a potentially bullish signal if upside breakout occurs.

Specifically, Ali cites the 18-week simple moving average, currently around $1,650, as the key resistance line to watch. In his words, “A firm close above the 18SMA could propel $ETH to $1,800 – $1,900.”

Upside Targets if Breakout Confirmed

If Ethereum can close decisively above the 18SMA near $1,650, Ali expects substantial upside follow through toward the $1,800-$1,900 area. This would represent a 15%+ gain from current levels around $1,620.

In summary, Ethereum flipping a key moving average on the 3-day chart could confirm the ascending triangle and ignite a rally back toward the top of the recent trading range. Ali outlines the technical alignment that has Ethereum poised for more upside if bulls can fuel a breakout.

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The post Ethereum (ETH) Primed for Rebound to $1,900 if This Key Resistance Breaks – Top Analyst appeared first on CaptainAltcoin.

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Ethereum (ETH) на Currencies.ru

$ 3093.6 (+0.11%)
Объем 24H $14.394b
Изменеия 24h: 4.83 %, 7d: 6.20 %
Cегодня L: $3088.33 - H: $3094.32
Капитализация $371.604b Rank 2
Цена в час новости $ 1605.63 (92.67%)

ethereum key zone between consolidation still mid-october

Источник: captainaltcoin.com

ethereum key → Результатов: 126


Фото:

The Future of Altcoins May Depend Entirely on Ethereum’s Reaction to a Key Level

It’s no secret that Ethereum holds heavy influence over the altcoin market, with its price swings and general trend often influencing that of smaller altcoins Where they trend in the near-term may largely depend on Ethereum’s reaction to $600, as this has long been a key level for the cryptocurrency that has hampered its growth Breaks above here have been fleeting, with sellers largely controlling the region between $600 and $620 A firm break above […]

2020-12-16 00:30


Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level

Ethereum has been able to begin gaining some tempered momentum following its recent drop to lows of $162, as ETH has now pushed its way back up towards the $170 region. Although the cryptocurrency is still trading down slightly from its recent highs of $177 that was set this past Saturday, its ability to hold […] The post Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level appeared first on CryptoSlate.

2020-1-22 16:41


Фото:

China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


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