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 options see rocketing volume, signaling that ETH is likely to see heightened volatility
Ethereum’s recent uptrend allowed it to post massive gains, climbing from the lower-$200 region to highs of $250.
The cryptocurrency’s momentum has stalled a bit as of late, which could be a sign that buyers overextended themselves throughout the course of this latest movement.
It now appears that this upswing came about after ETH formed a similar technical pattern to that seen prior to its rallies in months past.
All of these rallies were fleeting and followed by sharp retraces, and if history repeats itself, ETH could soon find itself caught within another downtrend.
Ethereum’s Rally Stalls as Analysts Eye Potential Downside
At the time of writing, Ethereum is trading up marginally at its current price of $235. This marks a notable retrace from daily highs of roughly $245 that were set at the peak of this latest upswing.
This movement first began last Thursday when ETH bounced from lows of $210 to $225. After hitting this level, the crypto ranged sideways for a day before incurring immense upwards momentum that led it to its recent highs.
The technical formation that drove this movement was the same one that triggered the other rallies it has seen throughout 2020.
One popular crypto analyst pointed this out in a recent tweet, offering a chart showing that striking similarities between this uptrend and the ones seen in February and April.
“ETH this time was not different… Up 15%+ after breakout & retest,” he said while pointing to the chart seen below.
Image Courtesy of Luke Martin
If Ethereum replicates its previous price action, it could see a bout of sideways trading before declining lower.
ETH Options Volume Rockets, Signaling Volatility is Imminent
Another factor that could influence Ethereum’s price action is rocketing options volume.
According to data from research platform Skew, ETH options volume rose by $20 million on Deribit yesterday.
“New record for ether options volume on Deribit: $20mln notional traded yesterday,” they noted while pointing to the chart seen below.
Data via Skew
Heightened options volume suggests that the cryptocurrency is likely to see further intense volatility in the days and weeks ahead, and the aforementioned pattern suggests that this volatility will be to the downside.
Featured image from Shutterstock. origin »
Ethereum (ETH) is showing signs of a potential bullish breakout as analysts highlight key support levels and technical indicators pointing to a rally toward $5,000.
Key Takeaways
Ethereum is facing its $4,400-resistance with bullish on-chain signals, overheated leverage, and liquidity clusters ready to spark big moves.
Ethereum [ETH] extended its rally frThe post Decoding Ethereum’s $4,400 test - Are THESE divergences a rally signal or a sell trap? appeared first on AMBCrypto.
Key Takeaways
The high spot inflows and corporate buying fueled the bullish conviction behind Ethereum's rally, but an overheated futures market could see a pullback from just above the $4,000-level.
The U.S. government joins institutional investors in selling ETH in large quantities, adding downward pressure to the price.
Retailers also join the wave, but this ETH faces the possibility of The post Ethereum retail sentiment hits rock bottom – Is a breakout rally brewing? appeared first on AMBCrypto.
Ethereum staking saw consistent growth this year, with over 54 million ETH at stake
Technical indicators revealed the possibility of a price hike soon
Ethereum [ETH] staking has been consistThe post 54M Ethereum staked in 2024 - Is this the first sign of a 2025 rally? appeared first on AMBCrypto.
A symmetrical triangle and ascending trendline hint at an upcoming bullish rebound for Ethereum.
Ethereum’s leverage ratio and open interest show key trends that could influence price movemenThe post Ethereum’s past tells all: Is ETH poised for massive rally? appeared first on AMBCrypto.
Historical design shown by the MVRV ratio, led ETH to bounce.
While traders booked some profits, the OI indicated that more was close.
On the 8th of April, Ethereum [ETH] defied the school oThe post Ethereum's $4,648 dream - Here's the clue to its next rally appeared first on AMBCrypto.
ETC’s price has dropped by double digits in the last week.
Despite the price dip, bullish momentum remains.
Following a post-ETF-approval rally, Ethereum Classic [ETC] has begun to shed The post Ethereum Classic pulls back after rally fueled by ETF approval appeared first on AMBCrypto.
Ethereum price surged above $2,050. ETH is now consolidating gains and might soon aim for another rally toward the $2,150 level. Ethereum is consolidating and facing resistance near the $2,080 zone.
In a recent development, Ethereum’s latest resurgence (up over 12% in the last seven days) could be threatened by the actions of an Ethereum whale who could potentially end the token’s rally and further cause it to decline.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been generating significant excitement among investors and enthusiasts due to its potential for a substantial rally. With various factors such as network upgrades, increased institutional interest, and growing adoption of decentralized applications (dApps), Ethereum has been garnering attention as a promising investment opportunity. In the midst […]
Ethereum, the world’s second-largest cryptocurrency, has seen its recent rally come to a screeching halt as Ethereum (ETH) has erased all of its gains in the wake of the highly anticipated Shanghai upgrade.
Ethereum and the crypto market have been trending to the upside over the past week and seem poised to extend the rally. The cryptocurrency underwent a major upgrade, dubbed “Shanghai,” which enabled the un-staking of ETH locked on the “Beacon Chain,” the Proof-of-Stake (PoS) blockchain.
Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level. Ethereum started a decent increase above the $1,500 and $1,520 resistance levels.
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice
Ethereum had been consolidating beneath the $2600 level in theThe post Can Ethereum breach the crucial $2800 resistance and sustain a rally appeared first on AMBCrypto.
Real Vision CEO and co-founder has predicted that Ethereum is set to begin a 300% rally. Pal has always been a staunch advocate of the cryptocurrency and numerous times has he made his stance on the digital asset clear.
Why Ethereum's low gas fees has a two-fold scenario going forward
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Ethereum's rally to $3000 has more volatility than observed last week. In the past 24 hours, the price was up over 9%. Despite this according to analysts, Ethereum continues to remain undervalued.
Post the accelerated price rally, even at the current price level, above $4000 and at a market capitalization of $478 Billion, Ethereum continues to be undervalued. The total market capitalization of The post Ethereum's rally means this downside for DeFi tokens like CHZ, ENJ, MANA, FLOW, SUSHI appeared first on AMBCrypto.
Ethereum unstoppable rally keeps on ranging towards uncharted territory. The cryptocurrency has been on seamlessly never-ending price discovery in 2021. The outlook is bullish and any prediction, at the moment, seems conservative.
Over the past few months, Ethereum has been constantly moved off exchanges. The outflows have been significant since 2020 and the market has considered the situation to be extremely bullish. While it The post This Ethereum factor plays a fundamental role in the 2021 rally appeared first on AMBCrypto.
Ethereum, along with many of the market's altcoins, has seen stellar results in 2021 from a trading price standpoint. The coin was able to briefly go past the coveted $2,000-price range a month ago, bThe post Why Ethereum can spark an independent rally appeared first on AMBCrypto.
Ethereum has seen a monumental rally throughout the past couple of days, with bulls taking full control over its price action This has come as BTC remains relatively stable in the upper-$30,000 region, with its stability giving altcoins the chance to rally ETH has yet to set fresh all-time highs despite its recent gains, but […]
Ethereum’s price is breaking all ceilings, with the cryptocurrency rallying by over 50% over the last 7 days, based on data from CoinMarketCap. The rally, similar to Bitcoin’s narrative, is pivotiThe post Ethereum: Does a price rally make sense? appeared first on AMBCrypto.
Ethereum is up 7% and it broke the $340 resistance zone against the US Dollar. ETH price is now facing a major hurdle near $350 and $355, above which it could rally significantly. Ethereum started a steady recovery wave from the $313 swing low.
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing.
Like most of the cryptocurrency market, Ethereum has performed well over the past few days. This strength culminated in a rally to the crucial level of $250 on Wednesday, as depicted in the chart seen below.
Ethereum kickstarted 6 April with a strong green candle; by the eleventh hour, ETH had managed to acquire 8. 38% of its value and marked a daily peak at $155. 78. The second-largest cryptocurrency was aThe post Ethereum rally sparks $1.
Bitcoin saw a sharp upwards movement earlier today that allowed the cryptocurrency to surge as high as $6,900, with this rally leading major altcoins like Ethereum to follow suit and further extend the momentum that was first incurred early yesterday.
Ethereum has been one of the best performing major cryptocurrencies throughout 2020, with ETH posting a massive rally that sent it from yearly lows of $120 to highs of just under $230. This intense uptrend has allowed the crypto to form a highly bullish market structure, and its ability to hold above $225 over the... The post appeared first on NewsBTC.
The Ethereum price has been decreasing since reaching a high of $198 on October 11, 2019. Additionally, it has created a very clearly-defined pattern — since it is trading inside a descending parallel channel.
Ethereum price has managed to break above $215 today for the first time since November, 2018, securing an 8. 09% gain. With the altcoin rally now underway, let’s take a look and see how likely the number two cryptocurrency will stay at this new psychological level during the rest of the week.
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The Ethereum price has slipped deeper into a bearish structure that has intensified over the past week. A combination of weakening momentum, strong ETF outflows, and selling from long-term holders has dragged the price of Ethereum lower at a pace that has led to concerns about whether the cryptocurrency is preparing for a deeper correction.
Ethereum is trading at a critical juncture after briefly losing the $3,200 level, with bulls struggling to defend it amid rising selling pressure. The broader crypto market remains on edge, as fear and uncertainty continue to weigh on sentiment following days of steady declines across major assets.
Ethereum is showing signs of weakness as it struggles to reclaim higher price levels amid sustained selling pressure and broader market uncertainty. After several failed attempts to break above key resistance near $3,600, the asset remains range-bound, reflecting the cautious sentiment across the crypto market.
The Ethereum (ETH) blockchain is poised for one of its most significant upgrades yet, the Fusaka Upgrade, set to take place on December 3. This enhancement aims to tackle one of the network’s most pressing challenges: scalability.
Ethereum (ETH) is trading at a crucial juncture after reclaiming the $3,450 level, showing early signs of stabilization following weeks of volatility. While bulls are slowly regaining ground, upward momentum remains fragile as traders await confirmation of a sustained breakout.
Ethereum price failed to recover further above $3,650. ETH is trimming gains and might decline further if it dips below the $3,360 support. Ethereum started a fresh decline after it failed to stay above $3,620.
