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: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US
  • 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: Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

These Simple Factors Suggest Ethereum Will Soon See a Major Bull Movement

Cole Petersen
Cole Petersen
5 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 has been outperforming Bitcoin over the past 24-hours, posting a massive upwards movement that has allowed it to secure a position within the $170 region, which marks a notable climb from ETH’s recent lows around $120 that were set in the final weeks of 2019

Analysts are now noting that they anticipate Ethereum’s upwards momentum to continue strong in the coming days and weeks, with a few key technical factors enhancing the cryptocurrency’s near-term potential.

Ethereum Breaks Out of Bullish Pennant as Analyst Watch for Further Upside

At the time of writing, Ethereum is trading up just under 3% at its current price of $174, which marks a notable climb from its weekly lows of $144 and a slight climb from its daily lows of $167.

Ethereum is also outperforming Bitcoin at the moment by roughly 2.5%, and this trend may continue strong in the near-term as the crypto begins building incredible technical strength.

One such example of a bullish technical formation that ETH is currently breaking out of is the bullish pennant that it had formed over a multi-day time frame, with its horizontal boundary existing at 0.0195, which is just a hair beneath its current price.

“ETH looks hungry,” Jonny Moe, a popular cryptocurrency analyst on Twitter, explained in a tweet from yesterday evening while pointing to the aforementioned technical formation.

$ETH looks hungry pic.twitter.com/mfD0FXAXFF

— Jonny Moe (@JonnyMoeTrades) January 18, 2020

If Ethereum is able to sustain its break above the upper boundary of this formation, it could soon see significantly further upside.

ETH Is Close to Breaking Above a Key Multi-Year Resistance

Another factor that could provide Ethereum with some near-term upside is the fact that it is currently on the cusp of breaking above a key multi-year resistance that has been guiding its price lower since early-2018.

Teddy, another popular crypto analyst on Twitter, has been referencing this trendline as a source of his macro-ETH bearishness for quite a while, but he is now noting that if Ethereum closes above this line on its weekly candle chart, he will grow bullish on the crypto.

“Historically I have been bearish, as I was looking at lowest support for a mega-galactic-long entry. However, if we were to close WEEKLY above a 2 year resistance I will start to long at long SWING entries on retraces – till then a bit skeptical,” he explained.

https://twitter.com/teddycleps/status/1218390612342276096

How Ethereum reacts to this level in the coming few days could provide significant intelligence as to where it will trend throughout the rest of 2020.

Featured image from Shutterstock.
Tweet123Share196ShareSend
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

Crypto Blockchain Industries (CBI) : décryptage du nouveau contrat de liquidité — mécanisme et effets

Crypto Blockchain Industries (CBI) : décryptage du nouveau contrat de liquidité

Crypto Blockchain Industries a ajusté son contrat de liquidité avec TSAF et rapatrié du cash. Le geste est technique, mais...

evanss 7 hours ago
Bitcoin

BlackRock’s Bitcoin Bet Pays Off: IBIT ETF Breaks $100 Billion Barrier

According to statements made on CNBC, BlackRock’s spot Bitcoin ETF, IBIT, has topped $100 billion in assets under management less...

Christian Encila 7 hours ago
Dogecoin

$50 Million Injection: Here’s Why The Dogecoin Price Could See An Explosive Rally

The Dogecoin price has received a major boost following House of Doge’s announcement of its plans to list on the...

Scott Matherson 9 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

Sony

Is Sony The Next Crypto Bank? Tech Giant Applies For A National Charter In The US

Ronaldo Marquez 4 hours ago
pret xrp

Se pregătește prețul XRP de o revenire sau urmează o nouă corecție?

antonio 6 hours ago
Inflation reportée au 24 oct. pour cause de shutdown : altseason repoussée ?

Les chiffres de l’inflation reportés au 24 octobre à cause du shutdown, altseason repoussée ?

guillaumev 7 hours ago

Premium Sponsors

Press Releases

  • ChatGPT-5 predpovedá, že táto minca z teba môže urobiť milionára

    ChatGPT-5 predpovedá, že táto minca z teba môže...

    7 hours ago
  • ChatGPT-5 szerint ez az érme milliomost csinálhat belőled

    ChatGPT-5 szerint ez az érme milliomost csinálhat...

    7 hours ago
  • ChatGPT-5 předpovídá, že tato mince z vás může...

    8 hours ago
  • ChatGPT-5 przewiduje, że ta moneta może uczynić Cię milionerem

    ChatGPT-5 przewiduje, że ta moneta może uczynić Cię...

    8 hours ago
  • Why Meme Coins are the Best Bets in Q4

    Meme coin tiềm năng nên mua để đạt lợi nhuận...

    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.