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: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings
  • 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: Tether Faces Downgrade By S&P Global Amid Concerns Over Disclosure And Assets Holdings

Analyst Spots New Critical Ethereum Price Levels With Options Expiry Over

Semilore Faleti
Semilore Faleti
Last Updated: October 26, 2024 5:30 pm
3 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.

Popular crypto analyst Michaël van de Poppe has highlighted vital price levels in the Ethereum (ETH) market following a massive option expiry event. This development comes amidst high whale activity on the Ethereum network.

Related Reading

Is Ethereum Headed for Trouble? Analyst Warns of Surging Exchange Reserves

Crypto Analyst Says Ethereum Will Outperform Bitcoin And Solana, Is $12,000 Possible?

1 year ago

ETH To Break Out At $2,750, Analyst Says

On Friday, approximately $1.02 billion worth of Ethereum options contracts were settled with the max pain point established at $2,600. Amidst this massive option expiry, the price of ETH rose by over 3% to trade at $2,547 despite fears of price decline due to increased market volatility. 

Following this price gain, Van de Poppe states that Ethereum now finds itself between two routes, especially as the “macroeconomic weeks” approach.

Options expire day is done!$ETH bounced upwards, and now the macroeconomic weeks are kicking in.

The question is: are we going to see some upward momentum or will it retest $2,000?

Testing $2,750 again = breakout. pic.twitter.com/vi3JJ3tNeP

— Michaël van de Poppe (@CryptoMichNL) October 25, 2024

Notably, the US elections are set to be held in a fortnight, the results of which are expected to wield a significant effect on the crypto market. Moreover, there is still anticipation of a Fed rate cut in November which could avail liquidity for investing in volatile assets such as Ethereum. 

First, the analyst postulates that ETH could produce an upward momentum reaching $2750,  a significant resistance level at which the token has suffered rejection thrice since August. However, van de Poppe predicts if the second-largest cryptocurrency retests at its price zone again, it will result in a breakout rising as high as $3,350. 

Alternatively, the crypto analyst forecast Ethereum may experience a price drop in line with its current consolidation pattern. In this case, ETH would initially retest at $2,300. However, amidst massive bearish pressure, the altcoin could fall to $2,000.

Ethereum
Source: Michaël van de Poppe on X

Related Reading

ethereum

Ethereum ‘Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables

1 year ago

Ethereum Whale Activity Reaches Six-Week High

In other news, analytics firm Santiment reports that Ethereum has recorded its highest amount of whale activity over the last six weeks amidst its price decline. Traditionally, this high market activity indicates accumulation by large holders on the Ethereum network, signaling confidence in the asset’s long-term profitability.

At press time, ETH trades at $2,445 reflecting a price decline of 1.67% in the past day. However, its daily trading volume is up by 57.97% and is valued at $23.14 billion. The recent dip in ETH’s price can be attributed to a recent controversial report on USDT stablecoin operator Tether, as well as reported Israeli attacks on Iran.

Ethereum remains an investors’ favorite ahead of a highly anticipated crypto bull run. Multiple analysts have recently pinpointed a $10,000 price target citing reasons including historical performances in previous bull cycles.

ethereum
ETH trading at $2,458.40 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from Forbes, chart from Tradingview

Tweet123Share196ShareSend
Semilore Faleti
Semilore Faleti

Semilore Faleti

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.

Read more

Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.

In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.

In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.

Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.

Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.

Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.

Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.

Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.

He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.

In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.

His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.

Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.

Close

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-gas-limit-upgrade-vitalik-foresees-5x-raise-by-2026

以太坊 Gas 上限大幅調升 V神預告 2026 再漲 5 倍與交易成本新變化

以太坊在 2025 年底迎來一項被社群喻為「鏈級變革」的升級:Gas 上限正式提高,區塊可承載的交易量再度放大,使整體網路吞吐能力明顯提升。這項調整並非孤立事件,而是新一輪以太坊性能演化的開端。Vit...

Ter Yim 17 hours ago
Bitcoin

Bitcoin Whale Reenters ETH Market, Fires Off A $44-M Long

A prominent crypto trader has made a bold move back into Ethereum, stirring attention across digital markets. Reports have disclosed...

Christian Encila 18 hours ago
Ethereum Price Pulls Back Again

Ethereum Price Rockets Above $3K Again — Are Bulls Preparing the Next Leg Higher?

Ethereum price started a recovery wave and surged above $3,0000. ETH might continue to rise if it clears the $3,120...

Aayush Jindal 22 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

Carte EtherFi : 3 % de cashback et carte Visa non-custodial pour payer en crypto.

Carte EtherFi : 3 % de cashback et carte Visa non-custodial

guillaumev 5 hours ago
Ethereum price news

Ethereum Is 58% ‘Undervalued’ Based On Intrinsic Metrics, Says Hashed CEO

Jake Simmons 9 hours ago
ETH, ether, Ethereum

Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump

Rubmar Garcia 15 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後:1ドル到達の可能性は残るが、注目を集めるのは新しい仮想通貨

    ドージコイン...

    11 hours ago
  • リップル 今後:21SharesのXRP ETF「TOXR」が金曜に上場予定──XRPはついに3ドル突破なるか

    リップル 今後:21SharesのXRP...

    11 hours ago
  • 仮想通貨 プレセール:ムーンペイのNYライセンス取得で、次世代のL2とマイン型トークンが2026年上昇へ動き出す

    仮想通貨...

    11 hours ago
  • 仮想通貨 おすすめ:ヘイズ氏が語るビットコイン回復予測と注目される代替資産

    仮想通貨...

    11 hours ago
  • 新しい仮想通貨:バーチャル採掘リグを構築して$PEPEを獲得できる次世代型プレセール

    ...

    12 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.