NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Ethereum Transactions Surge as Analysts Predict an Imminent “52-Day Bull Run”

Cole Petersen
Cole Petersen
6 years ago
2 mins read
Ethereum ETH

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum and the aggregated crypto markets surged yesterday just prior to Bitcoin incurring a sudden influx of selling pressure that sent the markets reeling down. Despite this, ETH is still in a clear uptrend, and improving fundamental conditions could help it surge higher.

Additionally, Ethereum’s transaction volume is surging as of late, which may be one improving fundamental aspect of the cryptocurrency that could help incubate a possible “52-day bull market” that one analyst is anticipating.

Ethereum Drops Below $300, But Bulls Are Still in Control 

At the time of writing, Ethereum is trading down just less than 3% at its current price of $298.8, which is down from its daily highs of $320 that were set yesterday.

Although Ethereum’s recent drop is by no means marginal, it is important to remember that the cryptocurrency is still up from its one-month lows of $230 and is up significantly from its three-month lows of $140.

ETH is now approaching $280, which is a price point at which it previously found support after falling from its weekly highs of $360 that were set earlier this week.

Importantly, through the course of Ethereum’s recent bull run, its transaction volume has climbed significantly, running from February lows of 380,000 to highs of over 1,000,000 this past Friday.

The increasing transaction volume does appear to be emblematic of improving fundamental conditions, which may signal that the cryptocurrency’s price action in the foreseeable future which reflect this.

Could ETH Soon Have a 52-Day Bull Run?

Assuming that the improving fundamental conditions do actually translate into positive price action in the near-future, analysts are now noting that Ethereum may soon incur a multi-month bull run.

Mitoshi Kaku, a popular cryptocurrency analyst on Twitter, spoke about this possibility in a recent tweet, explaining that a bullish technical formation that is likely to form in the coming week could spark a massive rally.

“Gann pivot for $ETH (BTC) this week. – Could potentially have a 52 day bull run,” he noted.

Gann pivot for $ETH (BTC) this week. 👀 – Could potentially have a 52 day bull run. pic.twitter.com/biR9vY5unj

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) June 30, 2019

Furthermore, Kaku also explained that this formation will likely be formed sometime in the first week of July.

“A little explanation to those that want to understand the analysis in a better way. These are the levels I am looking for, and the signals are there already. The next time that Chikou line goes above and retest the cloud it will be bull time. Plan accordingly. Maybe 7/5-7/7,” he explained.

A little explanation to those that want to understand the analysis in a better way. These are the levels I am looking for, and the signals are there already. The next time that Chikou line goes above and retest the cloud it will be bull time. Plan accordingly. Maybe 7/5-7/7 $ETH pic.twitter.com/IXzTWwbTwc

— Joe Mitoshi 🧑‍🚀 (@CryptoSays) June 30, 2019

Although Bitcoin’s near-term price action will likely guide the markets, the culmination of bullish fundamentals and bullish technicals could help lead ETH significantly higher in the coming days and weeks.

Featured image from Shutterstock.
Tweet123Share250ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Tether

Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

The Blockchain Recovery Investment Consortium (BRIC), a partnership between GXD Labs and VanEck, announced on Tuesday a significant development in...

Ronaldo Marquez 4 hours ago

3 cryptos sous-évaluées susceptibles d’entrer dans le Top 10 mondial

Le marché crypto adore les renversements de hiérarchie. Et trois préventes se détachent aujourd’hui par leur narration forte et leur...

evanss 6 hours ago
Prévision prix XRP : jusqu’à 5 $ d’ici fin 2025 ? Niveaux clés et scénarios

Prévision prix XRP : jusqu’à 5 $ d’ici fin 2025 ?

La course aux ETF spot sur XRP s’emballe. La question qui fâche revient aussitôt. XRP peut-il vraiment doubler et accrocher...

evanss 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

dogecoin doge dogeusd

Dogecoin Price Falls 4% Today but Analysts Say Nasdaq Listing Could Reignite $1 Target

James Halver 9 minutes ago
Binance Coin BNB BNBUSD

BNB Faces Sharp 10% Pullback After Record High: Is There a Deeper Correction Ahead?

James Halver 2 hours ago
XRP

Chart Whisperer Says XRP Shows A ‘Purer’ Market Structure – Details

Christian Encila 4 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    9 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    9 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    9 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    10 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.