Ether looks good on both long and short timeframes, traders say, as ETH price strength "finally" appears against Bitcoin.
Ether (ETH) is due for a breakout toward $5,000, crypto analysis says, as the largest altcoin gains ground against Bitcoin (BTC).
ETH/USD 1-day chart. Source: Cointelegraph/TradingView
Data from Cointelegraph Markets Pro and TradingView shows daily ETH price gains of more than 5% for Dec. 4.
Ether price and network fundamentals are showing momentum, increasing the chance of a rally to $4,000.
Increasing excitement over a crypto-friendly business environment in the United States following Donald Trump’s presidential election win caused the price of Ether (ETH) to jump over 37% over the last seven days to trade at highs not seen since July 24.
ETH/USD daily chart. Source: TradingView
At the time of writing, Ether is trading at $3,392 with increasing demand through spot Ethereum ETFs, and onchain metrics suggest that the altcoins uptrend remains intact.
Ether's price metrics have replicated 3 key bullish actions which resulted in a 120% rally in Q1 2024. Will it happen again?
Ether (ETH) recorded its largest three-day return of 2024, with a 21% spike after President-elect Donald Trump was announced as winner of the US presidential election. The rally also took the altcoin above its overhead resistance of $2,800, breaking a trend bottom consolidation range that lasted 96 days.
Ethereum 3-day chart. Source: TradingView
With the crypto community anticipating a new bullish leg, Ether has flashed a strong buy signal based on a historical setup from 2023.
The future of money is the cost of consensus, and the economy of the future will usher in the next era of globalization.
Opinion by Ben Lilly, managing partner and head of research at Jlabs Digital
When it comes to Ether, or even Bitcoin, for that matter, what is the most basic reason to hold it? Before reading on, take a moment to consider the reasons beyond the more routine motivations related to hedging and speculation.
On Oct. 21, 2024, ethereum holds steady at $2,706, sticking within a key trading zone after recently hitting a high of $2,769. Technical indicators across various timeframes paint a mixed picture, as oscillators suggest caution while moving averages still point to a largely bullish trend. As ether hovers between support and resistance, traders should stay […]
As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On […]
Bullish fractals, long-term technical patterns, and favorable macroeconomic trends could boost ETH's price to $10,000 by 2025.
Ethereum’s native token, Ether (ETH), looks poised to grow toward $10,000 in the coming months, according to a mix of bullish fundamental and fractal indicators.
The first compelling reason behind Ethereum’s $10,000 target is its resemblance to a previous price fractal between January 2023 and March 2024, according to Julien Bittel, head of macro research at Global Macro Investor.
The 2023-2024 fractal (black) saw the ETH price consolidate between $1,500 and $2,000 before breaking out to $3,500. The current price action (red line) closely follows this pattern, mirroring the earlier consolidation phase.
Ethereum’s bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.
Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.
From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.
ETHA will be the first Ether exchange-traded fund to crest the $1 billion mark.
BlackRock’s Ethereum exchange-traded fund (ETF) has reached approximately $1 billion in net inflows, underscoring its lead among rival ETF ETFs, according to data from fund researcher Morningstar shared with Cointelegraph.
According to Morningstar, the iShares Ethereum Trust (ETHA) has pulled in $992 million in net inflows, putting the fund on track to surpass the $1 billion mark imminently.
“It’s very likely, but not a certainty” that ETHA will crest $1 billion in net inflows by close of market on Aug. 21, Bryan Armour, director of passive strategies research at Morningstar, told Cointelegraph. “I believe a single creation unit would put it over the top.”
Lookonchain shared that Plus Token had begun moving nearly $2 billion in ETH but it turns out most of it had already been sold in 2021.
Independent analysts have debunked a recent social media post claiming that “hundreds of dormant wallets” linked to the multibillion-dollar crypto scam Token Plus had begun shifting nearly $2 billion in Ether.
In a now-deleted Aug. 6 post to X, blockchain analytics service Lookonchain initially claimed that wallets linked to TokenPlus had begun shifting some 789,533 ETH — worth $1.8 billion at current prices.
As it turns out, the amount may have been much lower than initially stated.
