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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Crashing Sentiment Surrounding Ethereum Points to an Imminent Move Higher

Cole Petersen
Cole Petersen
4 years ago
2 mins read

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’s price action has been rather lackluster as of late, which has been the unfortunate result of its close correlation to Bitcoin.

This correlation has suppressed its strength and caused it to see a prolonged bout of sideways trading, but it may soon help lead the cryptocurrency higher as analysts look towards it seeing further upside in the days and weeks ahead.

It still remains below a few key levels that may act as hurdles for it, including $360 as well as the region between $380 and $400.

Until these levels are firmly broken above, and ETH finds stability above $400, it may struggle to garner a decisive uptrend.

One analytics firm is now noting that sentiment surrounding the cryptocurrency is incredibly low, however, which may actually act as a counter-indicator for Ethereum’s near-term outlook.

The firm notes that declines in interest and sentiment as extreme as the one being seen now typically suggest an upside movement is looming on the horizon.

Ethereum Continues Consolidating as Likelihood of Upside Grows 

At the time of writing, Ethereum is trading sideways at its current price of $353. This is slightly above where it has been trading at throughout the past few days and weeks, with it pushing higher today in tandem with Bitcoin.

This slight upwards momentum comes as the stock market begins stabilizing, which is allowing the entire crypto market to see some momentum.

If ETH continues tracking Bitcoin, then further upside could be imminent in the days and weeks ahead.

Analytics Firm: ETH Social Volume Points to Imminent Upside 

While speaking about where Ethereum may trend in the days and weeks ahead, one analytics firm explained that investors growing disinterested in the cryptocurrency is actually a bullish development.

They note that periods of extremely low sentiment are typically followed by sharp upwards movements. As such, Ethereum could soon confirm its recent lows as a long-term bottom and begin ascending higher.

“The social volume of #Ethereum is nearing 6-month low levels across social discourse platforms as traders look elsewhere for volatility to trade. However, assets like ETH typically see the biggest buy opportunities when crowds are disinterested,” they explained while pointing to the below chart.

Ethereum

Image Courtesy of Santiment.

Where Ethereum trends in the days and weeks ahead will likely continue depending largely on Bitcoin.

Any further BTC turbulence could strike a serious blow to ETH, leading it back down towards its recent lows of $315.

Featured image from Unsplash.
Pricing data from TradingView.
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.

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

Ethereum

Ethereum As The Default Crypto Backbone: The Real Reason Behind Tom Lee’s Pick

Ethereum has become the default settlement layer engine of decentralized finance, and Tom Lee, the co-founder of Fundstrat Global Advisors,...

Godspower Owie 9 hours ago
Ethereum

Ethereum Reaches New ATH, But RSI Divergence Clouds Path To $5,000

Ethereum has once again made headlines by climbing to a fresh all-time high, confirming the strength of its ongoing uptrend....

Godspower Owie 12 hours ago
Ethereum Whale Demand Surges On Binance As Price Nears $5,000

Ethereum Whale Demand Surges On Binance As Price Nears $5,000

Ethereum has once again taken center stage in the crypto market after surging to a new all-time high above the...

Sebastian Villafuerte 14 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

Ethereum Price Pulls Back Hard

Ethereum Price Pulls Back Hard, Bitcoin Crash Fuels Bearish Wave

Aayush Jindal 1 hour ago
Ethereum’s All-Time High Sparks Short Squeeze Season—What Comes Next?

Ethereum’s All-Time High Sparks Short Squeeze Season—What Comes Next?

Samuel Edyme 1 hour ago
ethereum eth

ETH Rallied 3,900% Last Cycle: With Institutional Demand Rising, Could History Repeat Itself?

James Halver 4 hours ago

Premium Sponsors

Press Releases

  • Obchodník premenil 160 dolárov na 640 000 dolárov na novom, skrytom memecoine založenom na Solane len za 12 dní.

    Obchodník premenil 160 dolárov na 640 000 dolárov na...

    7 hours ago
  • Okrem BTC, ETH a SOL sa očakáva, že v priebehu nasledujúcich dvoch a pol mesiacov vzrastú tri ďalšie akcie

    Okrem BTC, ETH a SOL sa očakáva, že v priebehu...

    7 hours ago
  • Najlepšie altcoiny, ktoré sa oplatí pridať na váš zoznam v roku 2025 na budovanie majetku

    Najlepšie altcoiny, ktoré sa oplatí pridať na váš...

    8 hours ago
  • Trader zamienił 160 dolarów w 640 000 dolarów na nowym, ukrytym memecoinie opartym na Solanie w zaledwie 12 dni.

    Trader zamienił 160 dolarów w 640 000 dolarów na nowym...

    8 hours ago
  • Oprócz BTC, ETH i SOL, oczekuje się, że w ciągu najbliższych dwóch i pół miesiąca wzrosną trzy inne akcje

    Oprócz BTC, ETH i SOL, oczekuje się, że w ciągu...

    9 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.