Ethereum Breakout Targeting $3,705ETH/USD 1H Analysis:
Price broke out of the falling wedge pattern and is showing signs of bullish reversal. Key resistance levels are at $3,581 and $3,647, with a target set at $3,705. Support holds near $3,555. Potential for upward continuation if momentum sustains.
Key facts today
Ethereum (ETH) has surged to approximately $4,200, reflecting a 7% increase in the last 24 hours and nearly 20% for the week, marking its highest price level since December 2021.
Whale sell-offs in the Ethereum market are raising concerns about possible manipulation, especially on Binance, as analysts warn these large exits could weaken institutional demand.
In July, Ethereum saw a major price surge driven by increased investor interest, especially through ETFs, resulting in record ETH share accumulation, exceeding all prior months since ETH ETF launch.
Key stats
About Ethereum
Ethereum — the world’s second-most famous blockchain network — is a platform for creating decentralized applications based on blockchain and smart contract technology (a command that automatically enforces the terms of the agreement based on a given algorithm). It's the chain that birthed DeFi (decentralized finance) and started the NFT craze which saw billions of dollars pour into cryptocurrency. Safe to say, it's one of the big dogs.
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MTF 2nd bearish macro outlook on Eth, final wave of (Y) coming?This is an idea I've had for a while (unpublished) but looking at local structure, I have to revive this..
It's a very rare expanding triangle idea as the Y wave of the macro WXY wave.
The December 2024 high took out the March 2024 high. And, it's not uncommon, especially in crypto, for B/W wave t
The Unicorn Breakout Part II – Ethereum at $4K, Queen of Crypto🦄👑 The Unicorn Breakout Part II – Ethereum at $4K, Queen of Crypto 📈♟
I’ve had a lot of conversations these past months.
Some friends told me ETH had no power, no influence.
One even called it the “bitch coin.”
Others insisted it lacked dynamics, that it was doomed to trail behind Bitcoin forever
Ethereum - Finally new all time highs!🔬Ethereum ( CRYPTO:ETHUSD ) will break out now:
🔎Analysis summary:
For more than four years, Ethereum has overall been moving sideways. However now Ethereum is once again retesting previous all time highs and preparing a bullish breakout. Multiple retests are generally considered bullish so t
Ethereum - The moment of truth!🔬Ethereum ( CRYPTO:ETHUSD ) trades at a key breakout level:
🔎Analysis summary:
Ethereum - after consolidating for the past four years - is once again retesting the previous all time high. And before we will witness another bearish rejection, Ethereum has the chance to finally break out of the
ETH Tactical Long: Laddered Bounce from Absorption ZoneCOINBASE:ETHUSD has been in a steady 1H downtrend, but key support at $3,440 is showing signs of absorption. Volume is thinning on sell-offs, and we're seeing early reversion signals.
This is my over the weekend analysis, not a final recommendation.
Setup Type: Mean Reversion / Absorption Bounce
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Displays a symbol's price movements over previous years to identify recurring trends.
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Discover funds exposed to Ethereum and find the best way to access the coin.
Frequently Asked Questions
Ethereum (ETH) reached its highest price on Nov 10, 2021 — it amounted to 4,864.54 USD. Find more insights on the ETH price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Ethereum (ETH) reached the lowest price of 81.32 USD on Dec 7, 2018. View more Ethereum dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying ETH is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade ETH right from TradingView charts — just choose a broker and connect to your account.
You can discuss Ethereum (ETH) with other users in our public chats, Minds or in the comments to Ideas.