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 2025-01-20 13:53:44

Ethereum Price Analysis: Key Resistance Halts ETH’s Climb Toward $4K

Ethereum Price Analysis: Key Resistance Halts ETH’s Climb Toward $4K

Ethereum has recently displayed notable volatility, witnessing a 10% surge attributed to increased market activity surrounding President Trump’s inauguration. Nevertheless, the asset faces a pivotal resistance at $3.5K, and the upcoming price action will likely define its next trend. Technical Analysis By Shayan The Daily Chart ETH encountered significant buying interest near the 100-day moving average at the $3.2K mark, propelling the price upward by 10%. This heightened buying pressure has brought the asset closer to a critical resistance region at $3.5K, which aligns with the bullish flag’s upper boundary. If this momentum persists, Ethereum is likely to break above the $3.5K threshold, paving the way for a fresh surge toward the $4K resistance zone. However, the short-term price action will be critical in determining the market’s direction, with elevated volatility expected. The 4-Hour Chart On the 4-hour timeframe, ETH’s volatility is evident as the price fluctuates near the 0.5-0.618 Fibonacci retracement levels. This range, bounded by $3.2K as support and $3.5K as resistance, highlights the ongoing battle between buyers and sellers. The current market structure shows optimism, with the potential for a bullish breakout gaining momentum. If buyers succeed, Ethereum could embark on a sustained rally toward $4K. However, the increased volatility and potential liquidations necessitate careful risk management, as a rejection at $3.5K could lead to short-term retracements. Onchain Analysis By Shayan While Ethereum has been consolidating within a tight range of $3.2K-$3.5K, market participants are considering the likelihood of a bullish breakout following President Trump’s inauguration. The funding rates metric, a key indicator of market sentiment, has shown declining values recently, suggesting a reduction in long positions and fading bullish sentiment. However, the metric has sharply increased most recently, hinting at growing bullish momentum in the perpetual markets. As Ethereum approaches the $3.5K resistance level, the presence of notable supply at this juncture underscores the necessity of sustained bullish momentum. For a decisive breakout to occur, the funding rates metric must rise further, reflecting heightened market optimism and increased long positions. A break above $3.5K remains contingent on stronger bullish sentiment in the futures market. The funding rates metric will play a pivotal role in determining whether Ethereum can overcome the $3.5K threshold, making the upcoming market action crucial. The post Ethereum Price Analysis: Key Resistance Halts ETH’s Climb Toward $4K appeared first on CryptoPotato .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
55.82%
Bitcoin Share
697
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.