Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
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
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
CoinGape 2025-01-27 07:45:37

Why Ethereum Price Sustains Above $3,100 As Solana Crashes 22%?

Why Ethereum Price Sustains Above $3,100 As Solana Crashes 22%?

Bitcoin dropped 6% from ATH of $109K, causing crypto markets to crash. But Ethereum (ETH) price trades above $3,100, showing strength as Solana crashes 22% along with the other altcoins. Is this peculiar behavior strength or stagnation? Will ETH rally higher soon? Ethereum Price Holds Above $3,100 as Solana Crashes 22% Ethereum price trades above $3,100 and has been hovering in the $3,100 to $3,300 range for the past week. As noted in a previous CoinGape article, ETH has dropped into the buy zone , extending from $3,057 to $3,132. Solana has been fading since hitting the ATH of $295.83 and has crashed 22% so far. As noted by the analyst, SOL created a bearish signal called Swing Failure Pattern (SFP), which currently hints at a 23% crash. $SOL at a precarious position here. unlikely it drops so much, but needs BTC to show some strength here, or it all goes to shit IMO. wdyt? pic.twitter.com/I6heYxMkd8 — MAXPAIN (@Mangyek0) January 25, 2025 Why Does Ethereum Price Show Strength? Despite the lackluster performance in 2024, ETH price has remained a laggard. But the recent accumulation of $175 million worth of ETH tokens from Donald Trump’s World Liberty Financial has caused investors to speculate about a comeback. As noted by MAXPAIN analyst , Ethereum whales are on an accumulation spree and scooped 300K ETH worth $1.08 billion. ETH Whales Accumulate 300K ETH Worth $1 billion in 2 Weeks Moreover, the spike in network activity suggests that new capital is flowing into the Ethereum ecosystem, suggesting a potential bounce. ETH Network Growth Hints New Capital Inflow All in all, the outlook for ETH, an underdog, has been growing bullish. Ethereum price prediction notes that it will likely trigger a volatile breakout soon. Ethereum Price Analysis Forecasts $4,000 Target Ethereum’s falling wedge setup is in the final stages, a make-or-break moment. A bounce off the $3,057 to $3,132 support level will maintain this bullish technical formation. A decisive daily candlestick close above the wedge’s upper trend line around $3,360 will confirm a breakout. In such a case, the falling wedge forecasts ETH price could rally 17% and target $4,000. Three key resistance levels that could interfere with this uptrend are $3,297 and $3,477 and $3,592. These hurdles are previous weekly VWAP, anchored VWAP since November 17, 2024 and previous monthly VWAP, respectively. ETH/USDT 1-day chart VWAP is Volume Weighted Average Price, which means that demand/supply dynamics at these levels will play a pivotal role in determining the directional bias of ETH. Hence, investors need to pay close attention to these levels. On the other hand, a breakdown of the $3,000 psychological level will confirm a breakdown and invalidate the bullish thesis. Such a development could trigger a 13% crash to $2,657. The post Why Ethereum Price Sustains Above $3,100 As Solana Crashes 22%? appeared first on CoinGape .

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
0
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.