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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum May Incur an Intense Parabolic Surge After Visiting This Level

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 begun climbing higher after facing some intense selling pressure over the past couple of days, which sent ETH from highs of $285 to lows of under $250 before it was finally able to bounce and begin climbing back towards its recent highs.

In spite of this firm short-term bullishness, it is important to note that many analysts are claiming that the crypto could soon see further downside that leads it as low as $225.

If it does visit this region, however, those same analysts widely concur that the support here could be enough to spark a massive parabolic uptrend that leads ETH surging past $300.

Ethereum Begins Climbing Higher as Analysts Watch Key Resistance Levels

At the time of writing, Ethereum is trading up just under 4% at its current price of $265, which marks a notable climb from intra-plunge lows of under $250 that were set just over a day ago.

Ethereum’s ability to climb from these lows suggests that bulls have some intense underlying strength, and it doesn’t appear that this latest selloff was enough to invalidate the crypto’s bullish market structure.

Now, analysts are noting that ETH is fast approaching a key resistance level that must be flipped into support if bulls want to propel it past $300 in the near-term.

George – a well-respected crypto trader on Twitter – spoke about this level, which just a hair above ETH’s current price level, in a recent tweet, telling his followers that a break above it could rapidly send the cryptocurrency to $300.

“ETH: Mid is key. Flip it and say hello to $300. Might need a bigger retracement first. Sell your house if we retest $225,” he bullishly noted.

$ETH

Mid is key. Flip it and say hello to $300. Might need a bigger retracement first. Sell your house if we retest $225. pic.twitter.com/DX9c5y0Jpg

— George (@George1Trader) February 21, 2020

Analysts Widely Take Sight of a Movement Past $300

George isn’t the only trader who is anticipating Ethereum to rally past $300 in the near-term, as Smokey – another top trader – explained in a recent tweet that his ultimate near-term price target for ETH exists at $350, but he believes it may first have to visit its key support around $225.

“ETH | USD | Weekly Bullish too. If it retraces, 226$ is a buy in my opinion. Already worth punting a long on ETH imo in this ascending triangle formation. Either way, 350$ is the target,” he said.

$ETH | USD | Weekly

Bullish too.

If it retraces, 226$ is a buy in my opinion.

Already worth punting a long on ETH imo in this ascending triangle formation.

Either way, 350$ is the target. pic.twitter.com/p7NON0zigZ

— Smokey 一目均衡表 (@SmokeyHosoda) February 21, 2020

The next several hours should provide some greater insights as to whether or not Ethereum will first plummet to $225 before climbing higher, as it is possible that the crypto will soon fly past its key resistance and start its next parabolic ascent.

Featured image from Shutterstock.
Tweet123Share217ShareSend
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

스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

전 세계적으로 블록체인 기술과 디지털 자산에 대한 관심이 높아지면서 암호화폐 시장은 지금 이 순간에도 빠르게 진화하고 있다. 실용성 중심이든 밈 기반이든 투자자의 이목을 끌기 위한...

Soyeon Lee 2 hours ago

TOKEN6900強勢吸金:1周融資破20萬美元 無視市場邏輯再掀迷因熱潮

TOKEN6900 (T6900)對所有所謂的“基本面”嗤之以鼻,用行動證明它不靠基本面也能贏 —— 上線僅一周便籌集超20萬美元。 這款全新迷因幣根本不在乎新聞怎麼說,也不在乎圖表怎麼走。它唯一的信...

estherw 3 hours ago
bitcoin

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal...

Ash Tiwari 4 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

Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Bitcoin Traders Are Betting Against the Rally, Will It Backfire?

Samuel Edyme 4 minutes ago
Ethereum Price Hits Support

Ethereum Price Hits Support – Can It Launch a Fresh Move Higher?

Aayush Jindal 56 minutes ago
xrp price xrpusdt

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

James Halver 1 hour ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    6 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    7 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    10 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    10 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.