Ethereum Is Cleared to Nearly Double In the Months Ahead: Analysts

Ethereum Is Cleared to Nearly Double In the Months Ahead: Analysts
фото показано с : bitcoinist.com

2020-11-9 04:23

Ethereum has seen a strong bounce since the September lows near $310. The coin now trades for $455, though peaked at $465 a few days ago. Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. Analysts are specifically eyeing a move toward $800, as that’s where macro resistance lies. Ethereum Technical Trends Suggest Growth Toward $800 Possible

Ethereum has seen a strong bounce since the September lows near $310. The price of the leading cryptocurrency recently peaked near $465, surging as a risk appetite has returned to global markets.

Technical trends show that the cryptocurrency will likely continue its ascent in the months ahead. This comes in spite of widespread sentiment that ETH may be left on the sidelines as Bitcoin is expected to rocket to all-time highs. The sentiment goes that because the cryptocurrency turned the $400 region into support, it will act as a springboard to $800.

Ethereum investors have long seen the $400 region as one of importance. It acted as a springboard during a rally in late 2017 and marked the highs in medium-term rallies over the past two years.

An analyst recently noted that Ethereum’s long-term trend remains positive for the cryptocurrency. Referencing the macro chart for ETH, he added that traders should have exposure to the asset:

“In a vacuum, $ETH is face meltingly primed for markup. In our world, it has the unfortunate mandate to be priced relative to bitcoin. Or, you can find derivatives that enable exposure to both. Either way, I need exposure to this.”

Analysts are specifically eyeing a move toward $800.

The chart below was shared with the following comment. The chart shows that Ethereum has little macro resistance until $800-900. That region is the point at which a relief rally in early 2018 topped:

“Stop charting ETH against BTC it under performs USD. HTF trend is heavily bullish going into 2021, I really hope we get the chance to buy around $350 again at some point before we really start to see price clear $600 and $800… I have a large USD position to spend.”

Chart of ETH's price action over the past three years with analysis by crypto trader Cactus (@Thecryptocactus on Twitter). Source; ETHUSD from TradingView.com ETH2 Set to Drive Prices Higher

ETh2 is expected to drive Ethereum higher. ETH2 is the long-awaited upgrade that will give Ethereum a Proof of Stake consensus mechanism, allowing ETH holders to earn regular yields on their holdings.

Analysts think that ETH2 launching this year will spark an influx of accumulation of Ethereum.

Some specifically think that it will drive Ethereum to new all-time highs in the coming years, especially as ETH2 is fully rolled out.

Featured Image from Shutterstock Price tags: ethusd, ethbtc Charts from TradingView.com Ethereum Is Cleared to Nearly Double In the Months Ahead: Analysts

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3069.55 (-0.13%)
Объем 24H $8.165b
Изменеия 24h: -1.38 %, 7d: 4.82 %
Cегодня L: $3062.09 - H: $3134.76
Капитализация $368.727b Rank 2
Цена в час новости $ 452.37 (578.55%)

months ahead ethereum days ago though peaked

Источник: bitcoinist.com

months ahead → Результатов: 126


Фото:

Bitcoin Shows Remarkable Strength Despite Growing List of Bearish Events

Bitcoin’s price saw a decent recovery following the BitMEX imbroglio yesterday, but the cryptocurrency’s reverted most of these gains overnight due to news of President Trump contracting the lethal virus This news sent shockwaves throughout the traditional markets as well, and appears to be having a trickledown effect on BTC as well as altcoins Where the aggregated crypto market trends in the days, weeks, and months ahead will likely depend largely on the global markets […]

2020-10-3 21:00


Фото:

Bitcoin Open Interest Sets Fresh Highs as Analysts Watch for Fireworks

Bitcoin is currently pushing higher as it begins recapturing its share over the aggregated crypto market Its current strength may not be enough to surmount the heavy selling that exists at its high time frame resistance at $9,500 This is the first notable movement BTC has posted in weeks, although its previous surges to this region have proven to be fleeting Where the crypto trends in the months ahead may depend largely on whether buyers […]

2020-7-22 02:00


Bitcoin Volatility Reaches Low Set Ahead Of April 2019 Rally, Will History Repeat?

Bitcoin has been uncharacteristically stagnant for over two full months now. The trading range has been tightening, which has led to record low levels of volatility in the otherwise volatile asset. But the low volatility taking place currently has reached a level that kicked off an explosive uptrend in April 2019. Will the leading cryptocurrency […]

2020-7-9 23:00


Фото:

Three Simple Reasons Why Ethereum Won’t Benefit from DeFi’s Growth

DeFi-related tokens have been caught within an intense bull market over the past several weeks, with many posting 100%+ gains This growth has been fueled by return-hungry investors looking to take advantage of “yield farming” This trend isn’t fading as fast as some analysts expected and could continue strong in the months ahead Although built upon Ethereum, the DeFi sectors growth hasn’t boosted ETH’s price One prominent investor doesn’t believe it will ever become the […]

2020-7-3 23:00


Фото:

Ethereum’s Reaction to This Crucial Support Level Will Determine its Fate in 2020

Ethereum has seen some lackluster price action in recent times, largely facing sideways trading similar to that incurred by Bitcoin and the entire crypto market It has posted some signs of weakness throughout the past several hours due to it dipping below its well-established trading range This has led it down to what analysts are describing as a “crucial level,” and its reaction here could determine its fate in the months ahead One venture capitalist […]

2020-6-21 22:00


Фото:

Report Shows That 25% of Major Institutions are Long on Bitcoin

Institutions have long been looked upon as the group that could help boost the crypto markets up to fresh all-time highs It does, however, appear that many big-name institutions already have long exposure to Bitcoin and other digital assets This exposure may still remain fairly limited, giving the market significantly further room for growth in the months and years ahead Ever since Bitcoin and the aggregated crypto market began their multi-year downtrend in 2017, investors […]

2020-6-11 02:00


Фото:

Options Traders are Nearly All Long on Bitcoin; What This Means for BTC

Bitcoin’s week-long bout of consolidation appears to be leading options traders to grow increasingly bullish on the cryptocurrency Data shows that options traders are nearly all anticipating BTC to see further upside in the weeks and months ahead There are multiple factors, however, that suggest it is poised to see downside in the near-term These factors include rising funding, a high quantity of underwater long positions, and its multiple failed attempts to break above $10,000 […]

2020-6-10 02:00


Фото:

Why Surging Options Volume Can Put an End to Ethereum’s Epic Rally

Ethereum posted an intense breakout rally yesterday that allowed it to set fresh local highs This rally came about rather suddenly, with it coming about prior to any movement seen by Bitcoin or the aggregated crypto market Analysts are now noting that this uptrend may start to falter in the days ahead, as it is currently repeating a pattern that is strikingly similar to that seen in months past This potential weakness comes as Ethereum’s […]

2020-6-1 22:00


Фото:

Bitcoin’s Break Below a Key Level has Opened the Gates for a Move to $5,900

Following an extended bout of sideways trading within the $9,000 region, Bitcoin has now firmly broke below this range as it trades around $8,800 Although the crypto has ardently defended its near-term support, its technical outlook does appear to be rapidly degrading Some analysts are even noting that its latest breakdown has opened the gates for it to see a movement that leads it as low as $5,900 in the weeks and months ahead Bitcoin […]

2020-5-26 02:00


Ethereum’s Macro Technical Structure Signals It Could Rally to $750 in Months Ahead

Ethereum’s immense weakness in recent times may not last for too much longer, as one technical structure suggests the cryptocurrency could be poised to rally higher One analyst is even noting that the crypto could surge up to highs of $750 if this structure plays out This comes as data shows that investors on cryptocurrency exchange platform Bitfinex may have been heavily accumulating ETH throughout the past several months Ethereum’s immense weakness seen throughout the […]

2020-5-19 02:00


Фото:

Bitcoin Halving Hype Could Give Way to Consolidation or Retracement, But what about Altcoins?

Just four days away from halving, we have some interesting next few weeks ahead of us. The world's leading digital asset is already enjoying an uptrend, currently trading above $9,800, breaking off its relation with equities after the correlation between them reached a peak during the past couple of months. This short pump is rolling […]

2020-5-7 20:58


Фото:

Institutional Traders Highly Active as Importance of Bitcoin’s Rally Grows Clear

Bitcoin’s recent rally has sparked a massive influx of activity from large retail and institutional futures traders This heightened trading activity comes as the crypto reaches a “make or break” price level that could determine how it trends in the weeks and months ahead Bitcoin incurred a notable uptrend yesterday morning that allowed it to climb from lows of $7,100 to highs of $7,800 before it met some resistance and declined back down to its […]

2020-4-26 02:00


Weiss Crypto Ratings upgrades Bitcoin an A- or excellent rating as BTC surges past $10,000

Weiss Crypto Ratings updated its rating for Bitcoin, which again surpassed the $10,000 mark and is currently trading at $10,068. Weiss now gives Bitcoin an A- or “excellent” rating because its fundamentals are improving and its price is also surging ahead of the BTC halving event, which will take place in about three months from […] The post Weiss Crypto Ratings upgrades Bitcoin an A- or excellent rating as BTC surges past $10,000 appeared first on CryptoSlate.

2020-2-9 13:40


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whale Watch: Ethereum Fresh Buy Signal Sparks Speculation

The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip.

Ethereum To See Fresh Move Soon? What Futures Data Says

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently.

Ethereum Fees Now Lowest Since January: Is It A Bottom Signal?

On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently.

These Are The Ethereum Altcoins Witnessing High Whale Interest

Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity recently.

Ethereum Breaks $2,900, But Watch Out For Futures Overheating

Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the second largest asset in the sector has surged almost 4% over the past 24 hours.

Recovery Dim? Ethereum Faces Potential Slide Towards $2,000

Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn.