CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Crypto Potato 2025-01-20 13:53:44

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 .

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine