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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30
  • 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: LINK Price Climbs Following Chainlink's Deal With US Commerce Department, Eyes $30

Ethereum is Showing “Exceptional Signs of Strength” as Bulls Defend Crucial Level

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Ethereum

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 holding up somewhat well as of late despite the weakness seen across the aggregated crypto sphere
  • Bitcoin’s slide to $30,000 has caused most major altcoins to tank, with ETH struggling to maintain the massive momentum it built over the past week
  • Because BTC is firmly leading the markets for the time being, where altcoins, including Ethereum, trend in the mid-term will undoubtedly depend on BTC
  • Its influence over the entire market has been unwavering and will likely remain so until it sees a consolidation phase or enters an uptrend once again
  • One analyst is admiring the strength ETH has seen in the face of this selloff, noting that this could be a good sign for its price once the market rebounds

Ethereum has been battling to break above its all-time highs throughout the past few days and weeks, with buyers and sellers both struggling to gain any serious control over its price action.

The crypto has largely been in a consolidation phase, with bulls defending the lower-$1,000 region while sellers continue guarding against a sustained break above its all-time highs.

Despite the selloff seen today, one analyst is now noting that Ethereum’s recent price action is still far prettier than that of Bitcoin, as it is showing “exceptional strength” due to its ability to print higher lows.

Ethereum Plunges Alongside Bitcoin – Will Bulls Reverse This Downtrend?

At the time of writing, Ethereum is trading down nearly 10% at its current price of $1,220. This marks a notable decline from highs of $1,370 set at the peak of yesterday’s market-wide rally.

The selling pressure here proved somewhat significant and led to a trend reversal alongside the rest of the market.

 ETH Forming Pattern of Higher-Lows: Bullish for Outlook

One analyst explained in a recent tweet that Ethereum is showing surprising resiliency despite the aggregated market’s weakness.

He is specifically pointing to the pattern of higher-lows that it has been forming, noting that this is a positive sign for its outlook.

“ETH printing higher highs and lows. Exceptional strength when compared to BTC which has recently put in lower high & lows. So far it’s unable to maintain ATH though. I think a breakout & close above or below blue would indicate the direction of the next bigger sized move.”

Ethereum

Image Courtesy of DonAlt. Source: ETHUSD on TradingView.

Unless Bitcoin’s ongoing descent forces ETH below roughly $1,100, there’s a strong possibility that upside is imminent for the entire market.

Featured image from Unsplash.
Charts 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

eth-detenus-dans-10-adresses-qui-derriere

60 % d’Ethereum concentré dans 10 adresses : qui se cache derrière ?

Sur Ethereum, la décentralisation se mesure on-chain et l’instantané du moment fait sourciller : les 10 plus grosses adresses regrouperaient...

guillaumev 1 day ago
Ethereum vs. Bitcoin: ETH/BTC Ratio Climbs to Yearly Peak Amid Market Shift

Bitcoin, Ethereum Open Interest Are Sitting Close To ATH Levels, What Happened Last Time?

Over the last few weeks, both Bitcoin and Ethereum have seen an interesting wave of price action with high volatility....

Scott Matherson 1 day ago
Ethereum Price Recovery Faces Test

Ethereum Price Recovery Faces Test – Will Resistance Stop the Rally?

Ethereum price started a fresh recovery wave above the $4,350 zone. ETH is now facing hurdles near $4,500 and might...

Aayush Jindal 1 day 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 Bulls on the Back Foot

Ethereum Bulls on the Back Foot – Can Momentum Return Soon?

Aayush Jindal 10 hours ago
Bitmine Adds Another $65.3M In Ethereum – Details

Bitmine Adds Another $65.3M In Ethereum – Details

Sebastian Villafuerte 19 hours ago
ethereum koers, ethereum verwachting, eth koers, ethereum nieuws, ethereum daalt

ETH breakout of fakeout – duikt de Ethereum koers onder de $4500 in september?

Lars Diederiksen 1 day ago

Premium Sponsors

Press Releases

  • ChatGPT予測によるソラナ400ドルと注目の仮想通貨おすすめ銘柄

    ...

    1 hour ago
  • 新しい仮想通貨のプレセール、クジラ投資で1,500万ドル目前

    ...

    1 hour ago
  • 1M BTC超を蓄積する企業財務、1110億ドル規模へ拡大──アルトコイン市場が躍進

    1M...

    2 hours ago
  • 9月注目の仮想通貨1000倍候補 ― Grokの最新予測

    9月注目の仮想通貨1000倍候補 ―...

    2 hours ago
  • 仮想通貨プレセールが1,400万ドル目前、アナリストはBTC19万ドルを予測

    ...

    2 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.