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
Crypto Potato 2025-01-30 13:26:02

Ethereum Price Analysis: ETH Gears Up for a Big Move, Will it Break Past $3.5K?

Ethereum Price Analysis: ETH Gears Up for a Big Move, Will it Break Past $3.5K?

Ethereum sellers have struggled to push the asset below the crucial $3K support for months, while recent price action suggests a bullish rebound. However, ETH remains confined between the 100-day MA at $3.3K and the 200-day MA at $3K. A decisive breakout from this range will determine the cryptocurrency’s next major move. Technical Analysis By Shayan The Daily Chart Ethereum’s price action has been in a consolidation phase following a period of selling pressure, with sellers attempting to conquer the $3K support level. The asset is currently trapped between the 100-day MA at $3.3K and the 200-day MA at $3K. Recently, ETH encountered strong buying pressure near the $3K support zone, leading to a significant rebound. This reaction suggests a strong presence of buyers defending this level. However, for a successful breakout above the $3.5K mark, Ethereum requires increased buying activity and bullish momentum. The upcoming price action within this range will be crucial in defining Ethereum’s mid-term trajectory, with both bulls and bears poised for a potential breakout. The 4-Hour Chart On the 4-hour timeframe, Ethereum is consolidating within a descending wedge pattern. The price recently bounced from the wedge’s lower boundary at $3K, aligning with the 0.618 Fibonacci retracement level —reinforcing this area as a strong support zone. Currently, Ethereum is trading within the tight $3K-$3.3K range, approaching the narrowing end of the wedge pattern. A breakout from this zone is imminent, and the direction will be crucial in determining the market’s next major trend. Given the market conditions, a bullish breakout above this pattern could trigger a rally toward the $4K threshold in the mid-term. Onchain Analysis By Shayan While ETH has shown early signs of recovery, market participants are closely monitoring the likelihood of a breakout above the current price range. The key question remains whether the cryptocurrency can generate enough momentum to breach the critical $3.5K resistance level. The funding rates metric, a crucial indicator of market sentiment, has recently declined, suggesting that the market is no longer overheated. This cooling-off phase indicates that excessive leverage has been reduced, creating room for a potential sustained rally if demand in the spot market increases. Notably, funding rates have started to rise slightly alongside Ethereum’s price rebound. This subtle shift hints at growing bullish momentum in the perpetual futures market. However, for a decisive breakout above the $3.5K threshold, the funding rates metric must increase further, signaling heightened optimism and an influx of long positions. If demand continues to grow, ETH could be poised for a significant rally in the coming days. The post Ethereum Price Analysis: ETH Gears Up for a Big Move, Will it Break Past $3.5K? appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
787
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.