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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • 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: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Analysts Believe Ethereum Faces Possible Bearishness in Near-Term as Bitcoin Strengthens

Cole Petersen
Cole Petersen
6 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 (ETH) has had a very positive past few months, putting a significant amount of distance between its current price levels and its year-to-date lows, which currently exist below $100.

Despite this, Ethereum is continuing to face strong resistance around its current price levels, and analysts believe it may soon incur a sudden influx of selling pressure despite there being strength in the aggregated crypto markets.

Ethereum Faces Resistance Around $270 As Buying Pressure Slows Down

At the time of writing, Ethereum is trading up over 1% at its current price of $267.8 and is up slightly from daily lows of $263.

Ethereum has been consolidating for the past month, ranging between roughly $230 and $280, with the former level being a strong region of support, and the latter price being a strong level of resistance.

In the past seven days, ETH has narrowed its trading range to $240 to $275, and appears to be finding some support in the lower $260 region.

C3P0, a popular cryptocurrency analyst on Twitter, spoke about Ethereum’s price action in a recent tweet, telling his nearly 10k followers that a decisive break above $274 will lead ETH to surge towards $300, but further noting that a dip to $240 could spell trouble.

“$ETH D1: Rejected by the weekly once again. But imo if price reclaims 268, 274 will give in and 300$~ is the next target. Dip buying at 249 and no bueno below 240~,” he noted.

$ETH D1

Rejected by the weekly once again.
But imo if price reclaims 268, 274 will give in and 300$~ is the next target.
Dip buying at 249
and no bueno below 240~ pic.twitter.com/jcy57CU30S

— Я0b0T – rusty, dirty and oily (@Robot_trades) June 19, 2019

Importantly, it now appears that most major altcoins are gaining some independence from Bitcoin as the overall market conditions improve, so where ETH heads next may be entirely separate from where Bitcoin goes.

Analyst: In Order for ETH to Catch Up to Bitcoin’s Gains it Would Need to Surge to $750

Although Ethereum may face some short-term bearishness, it still has significantly further room to climb before it catches up to the monumental gains Bitcoin has incurred so far this year.

Josh Rager, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, noting that ETH would have to surge to $750 in order for it to have catch up to Bitcoin, which may signal that further gains are imminent.

“$BTC vs $ETH: Today Bitcoin is down only around 53% from all-time high. But Ethereum is down around 83% from all-time high & could likely go lower as ETH/BTC doesn’t look great. For ETH to catch up to where BTC % currently is the price would have to hit $750. Think about that,” Rager cautiously noted.

https://twitter.com/Josh_Rager/status/1141163247292309504

As the week continues on and as investors gain a better understanding of whether or not Bitcoin’s price rise will directly translate into gains for the aggregated markets, it will likely grow clearer as to whether or not Ethereum will begin surging significantly higher in the coming months.

Featured image from Shutterstock.
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.

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

MEXC

MEXC интегрировала Apple Pay и Google Pay: купить криптовалюту стало еще проще

Международная криптобиржа MEXC сделала еще один шаг навстречу массовому принятию цифровых активов. Теперь пополнить счет и купить криптовалюту можно напрямую...

daria 57 minutes ago

Rakšana bez aparatūras – PepeNode mēmu monētas spēle ICO sasniedz 1,18 miljonus dolārus – tikai 2 dienas līdz pašreizējās kārtas beigām

Pirmais mine-to-earn jeb “rakt un pelnīt” tipa mēmu monēta, PepeNode (PEPENODE), pagājušajā nedēļā pārsniedza 1 miljonu ASV dolārus, bet tagad...

lasma 1 hour ago
$XRP Flashes Massive Buy Signal — Could These Be the Best Altcoins to Explode?

$XRP Flashes Massive Buy Signal — Could These Be the Best Altcoins to Explode?

Crypto analysts found a strong ‘buy signal’ in $XRP’s recent market performance, indicating a potential significant upward move very soon....

Aaron Walker 1 hour 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

게임스탑(GME), 비트코인 보유 전략으로 부활... 차기 비트코인 솔루션은?

게임스탑(GME), 비트코인 보유 전략으로 부활… 차기 비트코인 솔루션은?

Soyeon Lee 6 minutes ago
Solana news

Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder

Jake Simmons 16 minutes ago
prix-du-pi-network-mainnet-12-millions

Prix du PI : malgré l’inflation structurelle, le token pourrait-il atteindre 1 $ ?

guillaumev 51 minutes ago

Premium Sponsors

Press Releases

  • Khai Thác Không Cần Phần Cứng

    Khai Thác Không Cần Phần Cứng: Trò Chơi Meme Coin...

    1 hour ago
  • Đốt Token Quy Mô Lớn Tiếp Diễn Tại Wall Street Pepe

    Đốt Token Quy Mô Lớn Tiếp Diễn Tại Wall Street...

    1 hour ago
  • Bitcoin Hyper Huy Động 16 Triệu USD

    Bitcoin Hyper Huy Động 16 Triệu USD: Làn Sóng...

    2 hours ago
  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    14 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    14 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.