Ethereum 2-Year Trend Maps Out This Unique Crash Path To Bottom At $2,187
Ethereum’s price action has weakened further over the past 24 hours, with the cryptocurrency falling below $3,000 and shedding about 6.8% in the last 24 hours alone. The immediate price action points to reclaiming this $3,000 support, but a longer-term technical view suggests the current decline may be part of a much larger and more defined price framework. A macro analysis shared by crypto analyst Dona examines Ethereum’s behavior over the past two years with a structured range that suggests that the cryptocurrency might bottom at $2,187. Ethereum’s Two-Year Range Still Defines The....
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Coming out of weeks of downtrend, the Ethereum price could be looking to establish the next bottom as it sets up for a campaign toward new all-time highs. This is highlighted by crypto analyst MMBTtrader, who explained that the Ethereum price crash could be coming to an end. This is evidenced by a number of formations on the Ethereum price chart that suggest where the next lift-off might begin. Ethereum Price Is Testing The Next Major Support In an analysis shared on the TradingView website, the crypto analyst explained that the Ethereum price is now testing the next crucial technical....
Over the last few weeks, analysts have been predicting that the Bitcoin price could crash again after the initial October 10 crash. This is because of the weakening market trends that have shown that Bitcoin is still favoring a downtrend at this point. Crypto analyst Lixing_Gan on the TradingView website also shares this view, with the appearance of a descending trend pattern that suggests that the Bitcoin price is more likely to fall than rise. Bitcoin Price At Risk Of Major Crash Below $90,000 So far, the Bitcoin price has been able to maintain its hold above the psychological level of....
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....
Crypto analyst Astronomer (@astronomer_zero) says his long-standing bottom thesis on the ETH/BTC pair has played out and published explicit cycle targets anchored to the cross. In a chart shared on X, he reiterated that “ETH bottom call” is in and framed the roadmap entirely through ETH/BTC levels rather than ETH/USD, arguing that Ether’s outperformance typically follows Bitcoin’s impulse and that “all major liquidity comes from BTC.” How High Can Ethereum Go This Cycle? Astronomer’s post centers on a multi-month “zone” on ETH/BTC that he had marked in advance as a potential cyclical....
Ethereum continues on a path of more adoption as the asset has seen the addition of over 5 million new and unique addresses added over the past 30 days. This comes as bitcoin continues to record declines in the number of active addresses in the network. Ethereum remains the largest smart contracts network and the […]