Crypto Analyst Maps Out Dream Ethereum Scenario To $8,000
An analyst has charted out a “dream scenario” path that Ethereum could follow, based on a technical analysis (TA) pattern in its 3-day price. Parallel Channel Could Chart Out What’s Next For Ethereum In a new post on X, analyst Ali Martinez has talked about a dream trajectory that Ethereum could follow with respect to a Parallel Channel. The “Parallel Channel” here refers to a TA pattern that forms whenever an asset’s price trades between two parallel trendlines. Related Reading: Bitcoin At Key Retest: Bounce Or $98,000 Next? The upper line of the....
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CryptoQuant’s research head has pointed out how demand to absorb Bitcoin at higher prices has been low recently, potentially explaining the asset’s decline. Bitcoin Apparent Demand Metric Has Turned Red Recently In a new post on X, Julio Moreno, head of research at on-chain analytics firm CryptoQuant, has looked at recent BTC market dynamics from a different angle. “Instead of looking at Bitcoin long-term holder distribution/spending, I like to look at the other side of the trade,” noted Moreno. Related Reading: Crypto Analyst Maps Out Dream Ethereum Scenario To....
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Crypto analyst NeverWishing has predicted that the XRP price will rally to as high as $1,115. He highlighted three paths for XRP to reach this target, in what the analyst described as the final bull run for the altcoin. Analyst Maps Out Final XRP Bull Run Rally To $1,115 In a TradingView post, the crypto analyst mapped out three paths for XRP to rally to the $1,115 target. They tagged the first path as the immediate delivery, the second as a normal delivery, and the third as one that will trigger only if the XRP price stays suppressed. For the third path, NeverWishing stated that a final....
Ethereum has been hitting some minor milestones since the market crash. Obviously following behind market leader bitcoin, it has posted small recoveries that brought it out from its last month low. But while this has been encouraging for investors, there is still a long way to go, meaning that the digital asset could go either way at this point. Bears are trying hard to drag it down to a new low and crypto analyst Justin Bennett maps out what could give the bears exactly what they want. Ethereum To $2,000? Currently, the price of Ethereum is trading close to $3,000. This does not mean that....