Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104250
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
64.63%
Bitcoin Share
coinpedia 2025-01-18 12:33:04

Ethereum Stuck Below $3,300—Will it Achieve $5000 in February as Bearish Clouds Hover Over ETH Price Rally?

Ethereum Stuck Below $3,300—Will it Achieve $5000 in February as Bearish Clouds Hover Over ETH Price Rally?

The post Ethereum Stuck Below $3,300—Will it Achieve $5000 in February as Bearish Clouds Hover Over ETH Price Rally? appeared first on Coinpedia Fintech News In the times when Bitcoin, XRP, Solana, etc., and many more have been demonstrating immense strength, Ethereum remains stuck within a narrow range. This raises concerns over the next price action that remains uncertain for the crypto. Meanwhile, the technicals continue to remain bullish for the ETH price, which is believed to rise to $5000 or $8000 in the next bullish wave. Currently, the price appears to be at the foothill of an explosion and a breakout is inevitable. Bitcoin has been recording massive moves in recent times and being different from the previous trend, Ethereum has decoupled lately. The ETH price followed the BTC price rally very closely but since the start of 2024, their correlation has dropped to a large extent. In times when Bitcoin is flashing massive bullish waves, Ethereum displays the possibility of a significant pullback. Trump launched a new memecoin on Solana that is attracting massive liquidity from the entire market. Besides, the trading volume over Solana DEX peaks close to $10 billion for the first time, which is more than half of the entire DEX volume. Besides, the DEX volume over Ethereum has dropped notably below $3 billion from the interim highs close to $6 billion. This has also raised some speculation of traders selling their ETH for SOL in order to buy TRUMP. Regardless of this, the ETH price rally remains still within a bullish pattern, hinting towards a potential rebound very soon. Meanwhile, the technicals have flashed bearish signals, which may put the ETH price in deep trouble. The daily chart of ETH suggests the price is facing massive pressure from both sides this week and hence a weekly close could decide the next course of action. Meanwhile, the DMI levels have reached a crucial point where the -Di is about to surpass the +Di, validating a bearish flip. On the other hand, the MACD is closer to a bearish crossover as the weekly buying volume fades. Therefore, there are a lot of changes in the ETH price plummeting below $3000 this weekend. However, the support zone between $2918 and $2823 may offer a strong base to trigger a rebound. Hence, the Ethereum (ETH) price rally continues to remain bullish as the target at $5000 remains active as the trade remains stuck within a decisive symmetrical triangle.

Most Read News

Moralis Money
Market Cap
24h Vol
64.63%
Bitcoin Share
252
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.