Ethereum Could Target $3,000 Once It Breaks Current Supply Levels – Analyst
Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Related Reading: Solana Sweeps Lows But Recovers – Can Bulls Reclaim $185 by Friday? Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto....
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Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level continues to exhaust bullish momentum. Investors remain cautious amid heightened volatility, fearing that Ethereum could extend its losses if it fails to reclaim key levels. Despite the uncertainty, some analysts see a potential breakout on the horizon. Related Reading: Dogecoin Pulls Back To ‘The Golden Ratio’ – Analyst Expects A Bullish Reversal Top crypto investor Carl Runefelt shared a technical analysis on X, revealing that ETH is currently trading within a 4-hour....
The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to....
Ethereum continues to struggle to surmount the resistance that has mounted at $3,000, with bears maintaining a firm grip on the price. Nevertheless, bullish sentiment surrounding the Ethereum price has not been completely eroded. This suggests that investors still expect the price to recover from the current decline. Crypto analyst Master Ananda shares a more bullish view for the cryptocurrency, predicting that 5-figures remain in the future. Ethereum Price To Push Above $10,0000 In the analysis, Master Ananda explains that the Ethereum story is far from over. The crypto analyst pointed....
A crypto pundit has highlighted how the XRP circulating supply is becoming increasingly scarce. With large chunks of tokens locked in various channels and restricted from active circulation, the analyst argues that the market may be preparing for a serious supply shock. Analyst Claims XRP‘s Supply Is Running Thin A crypto market expert, identified as […]
The Ethereum rally continues and seems to be moving into FOMO levels. At press time, the second crypto by market cap has blasted through the major resistance at $4,000 and moves fast into price discovery. Related Reading | Ethereum Looks Set To Explode As 400,000 ETH Exits Coinbase Ethereum records 4% and 14% in the daily and weekly charts, respectively. The euphoria in the market seems to be driven by the launch of a Bitcoin-linked ETF in the U.S. The market has positively responded to this event and has allowed Ethereum and Bitcoin’s price to surge with a spike in institutional....