Ethereum Breaks Below Parallel Channel – Is ETH Collapsing To $1,250?
Ethereum has experienced a massive drop, reaching its lowest level since late November 2023. The entire market has been hit by extreme volatility, uncertainty, and aggressive price swings, with ETH losing over 20% of its value in just hours. Investors fear that this correction could extend further as Ethereum struggles to reclaim key demand levels. Related Reading: Dogecoin Breaks Above Falling Wedge Pattern – Analyst Sets $0.43 Target Analysts are closely monitoring Ethereum’s price action, as the next few days could determine the short-term outlook for the second-largest cryptocurrency.....
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A cryptocurrency analyst has pointed out how the next XRP support may be $1.2 if the lower level of the asset’s Parallel Channel breaks down. XRP Is Currently Above A Parallel Channel’s Support Level In a new post on X, analyst Ali Martinez has shared a pattern that has been forming in the 3-day price of XRP. The pattern in question is a Parallel Channel, a type of consolidation channel in technical analysis (TA). Related Reading: Bitcoin Blasts To $92,000, Liquidating $182 Million In Shorts A Parallel Channel appears whenever an asset’s price consolidates between two....
A cryptocurrency analyst has explained where Ethereum could go next based on a long-term Parallel Channel forming in its monthly price chart. Ethereum Has Been Trading Inside A Parallel Channel For The Last Few Years In a new post on X, analyst Ali Martinez has talked about a long-term pattern that Ethereum has appeared to have been following for the last few years. The pattern in question is a “Parallel Channel” from technical analysis (TA), which forms whenever an asset’s price trades between two parallel trendlines. Related Reading: Bitcoin Could Be Sub-$50,000 By 2028....
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....
An analyst has pointed out how Dogecoin could see a rally to $0.50, if the upper boundary of this technical analysis pattern breaks. Dogecoin Is Currently Trading Inside A Parallel Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 1-day price of Dogecoin. The pattern in question is a Parallel Channel, which forms when the price of an asset observes movement restricted between two parallel trendlines. Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead? The upper line of the channel is likely to provide....
Near Protocol (NEAR) has registered a significant price loss in the past 24 hours. Following this decline, renowned crypto analyst Ali Martinez has identified certain price levels critical to a potential recovery. Related Reading: Ethereum Indicator Flashes Buy Signal On The Weekly Chart – Potential For A Rebound? NEAR Must Reclaim $3.60 Support Level – Here’s Why According to data from CoinMarketCap, the price of NEAR has dropped by 2.98% in the last day forcing a fall below $3.40. In an X post, Martinez notes this price loss has caused the altcoin to dip below a parallel....