Price Analysis of Ethereum (ETH) Can Bulls Break Above $3,000?
Ethereum is on a rebounding trend as Bitcoin heals to cross over the $96,000 barrier. The Ethereum price has passed over the $2,700 mark with four straight bullish candles on the 4-hour chart.
Aiming for a fresh positive reversal, the ETH price trend acts as a dynamic resistance by almost approaching the 100-EMA line.Will this break-through event help Ethereum surpass $3,000? Let us ascertain.
Ethereum Price Action Range Breakout
The Ethereum price trend shows a sideways slink below the 23.6% Fibonacci line on the 4-hour price chart. Whereas the lower support for the consolidation range is set at $2, 529, this vital resistance level is valued at $2,741.
Ethereum has produced a lower high trend to target the upper ceiling after many rejections from this level. Recent Ethereum rally exceeds the 20 and 50 EMA lines on the 4-hour chart.
Ethereum's price right now is $2,723 after four straight positive candles.
Still, the 100-EMA line in the 4-hour chart offers dynamic resistance once again. For a long-term rebound, Ethereum has to find a closing price above the 100-EMA line at $2,764 and the 23.6% Fibonacci level.
Analyst Aim for ETH Rally at $4k
Supporting the optimistic prospects of a quick rebound, crypto expert Ted Pillows points out a substantial potential of a positive action. Based on his most recent tweet, Ted anticipates Ethereum to climb in an ascending triangle pattern created on the 2-week price chart.
Ethereum has lately attracted support from the support trendline, which will probably cause its sixth positive reversal. The triangular breakout rally will probably help Ethereum reach the $4,000 level with the optimistic comeback.
Main Price Objectives for Ethereum Breakout Rally
Ethereum will most certainly try to test the 50% Fibonacci level close to the $3,000 psychological threshold with the bullish breakout. Beyond here, significant goals remain the Fibonacci levels at $3,418 and $3,656.
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🚨 FTX Collapse Fallout: Will It Impact Cryptocurrency Prices? 🚨
FTX, once a giant in the crypto space, collapsed in 2022 due to massive losses at Alameda Research and poor decision-making by founder Sam Bankman-Fried (SBF), leading to the misappropriation of user assets. Fast forward to 2025, and the user repayment process has begun. 💥
How will this affect current cryptocurrency prices? Could the return of repaid funds cause a market shift, or will FTX’s collapse continue to haunt the industry’s reputation? 🧐
📢 Share your thoughts below! Will the FTX fallout influence price trends, or is the market already moving past it?
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