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’s Mid-Term Outlook Remains Extremely Bullish Despite Today’s Drop

Cole Petersen
Cole Petersen
1 year 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 has seen some rocky price action over the past few days, with sellers gaining clear control over its price action today after pushing it down over 20% from its multi-day highs.

This selling pressure has come about in tandem by that seen by both Bitcoin and the rest of the crypto market, with this ongoing downswing marking a market-wide correction following the intense uptrend seen throughout the past couple of weeks.

With regards to ETH, analysts are noting that this latest decline has not done much damage to its mid-term outlook, as it remains well above its recent lows of $370 that were set last week.

One trader is still expecting it to see further near-term upside, noting that he is adding to his spot positions between $380 and $400.

Ethereum Maintains Above $400 Despite Heavy Selling Pressure

The past day has been rough for Ethereum, as the cryptocurrency faced a massive influx of selling pressure that caused it to plunge from highs of $450 to lows of $390.

At the time of writing, ETH is trading down over 9% at its current price of $401, which marks a notable decline from its recent highs of $490 that were set just a few days ago.

Today’s decline has partially occurred due to that seen by Bitcoin, as the benchmark cryptocurrency’s price slid from highs of $11,500 to lows of $10,400 due to a massive influx of selling pressure.

Some of this selling pressure came from miners, who are offloading their crypto holdings at a rapid pace.

If this continues placing pressure on BTC, it will likely also cause Ethereum to continue declining in tandem.

ETH Still Bullish from a Mid-Term Perspective, Claims Analyst

While speaking about the cryptocurrency’s near-term outlook, one analyst explained that Ethereum still has a high chance of seeing significantly further near-term upside.

He notes that he is adding to his holdings between $390 and $400 in anticipation of it seeing a sharp rebound.

“HTF momentum is still bullish, like I mentioned yesterday price could pullback all the way down to around $380 and still look pretty good over the coming months… Personally adding to my position between $380 and $400, seems like a strong HTF support region,” he noted.

Ethereum

Image Courtesy of Cactus. Chart via TradingView.

If Ethereum can maintain above $400 for an extended period of time, it may soon be able to rocket higher.

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

트럼프의 '아메리칸 비트코인' 나스닥 상장, BTC 2.7억 확보…다음 주목받는 코인은

트럼프의 ‘아메리칸 비트코인’ 나스닥 상장, BTC 2.7억 확보…다음 유망 코인은?

암호화폐 생태계에 기업 자금이 폭발적으로 유입되고 있다. 트럼프의 지지를 받는 채굴업체 아메리칸 비트코인 코퍼레이션(American Bitcoin Corporation, ABTC)...

Soyeon Lee 2 hours ago
BTC Hyper

BTC Hyper presegel 13M: Najboljša kriptovaluta za nakup?

Bitcoin ima tržno kapitalizacijo več kot 2,2 bilijona dolarjev in ostaja merilo za digitalno vrednost. Vendar pa njegova zasnova daje...

tanjapotocnik 2 hours ago
meme kovanci

Najboljši meme kovanci, ki jih lahko kupite zdaj za manj kot 1 EUR

Trg kriptovalut se danes še naprej giblje v stranskem trendu, vendar nekateri najboljši meme kovanci kažejo potencial za velike dobičke...

tanjapotocnik 2 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

xrp koers, ripple koers, xrp nieuws, ripple koers, xrp verwachting

XRP bulls voorspellen $2,94 doorbraak in september – is dit echter realistisch?

Lars Diederiksen 22 minutes ago
仮想通貨おすすめ:XRP調整局面で新興BTCレイヤー2が注目集める

XRP Price Could See 20% Bounce To $3.4 If This Trendline Holds

Scott Matherson 42 minutes ago
WLFI

WLFI Token Controversy: Justin Sun Denies Selling Rumors Following Address Blacklist

Rubmar Garcia 1 hour ago

Premium Sponsors

Press Releases

  • Dogecoin sẽ chạm mốc 4 đô la

    Dogecoin sẽ chạm mốc 4 đô la? Maxi Doge có thể...

    1 hour ago
  • イーサリアム...

    2 hours ago
  • ビットコイン...

    2 hours ago
  • シバコイン...

    2 hours ago
  • A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel ez a presale forradalmasítja a meme-piacot 1000x potenciállal

    A 3 legjobb kriptovaluta, amit ma megvásárolhatsz, mivel...

    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.