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

Ethereum Will Be “Unstoppable” Once it Breaks Above This Crucial Level

Cole Petersen
Cole Petersen
5 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 has been flashing some signs of tempered weakness throughout the past several days and weeks, hovering just above the lower boundary of its long-held consolidation channel.

The cryptocurrency’s present weakness is primarily rooted in that of Bitcoin, which has seen faltering momentum as it continues struggling to break above the key psychological resistance existing at the five-figure price region.

It does appear that this weakness could cause it to face a harsh rejection that causes it to spiral lower, but until it firmly breaks beneath the lower boundary of its trading range at $9,000, this possibility remains speculative.

That being said, if buyers are able to give the market a much-needed boost, it is a strong possibility that Ethereum and other altcoins could see some major momentum.

One analyst recently explained that ETH will be “unstoppable” once it is able to firmly surmount one critical resistance region.

He does believe that this level will be broken above at some point this year due to several fundamental factors.

Ethereum Flashes Signs of Near-Term Weakness, But Macro Outlook Remains Strong

At the time of writing, Ethereum is trading down just under 1% at its current price of $231.

The cryptocurrency has been hovering within the $230 region for the past few days, but a slight increase in selling pressure appears to have put it at risk of breaking below this level.

A firm decline beneath this price would be dire, as it happens to mark the lower boundary of its multi-month trading range between $230 and $250.

If its buyers continue guarding this key support, they could provide Ethereum with a boost that sends it back up to the upper boundary of its trading range.

In order for it to enter a firm macro bull market, however, it will need to do more than simply shatter the top of its range at $250.

One analyst recently explained that the critical level to watch for sits between $350 and $400. He believes a break above this will make the crypto “unstoppable.”

“Above Gray box ETH becomes unstoppable… And I believe this year it will be assaulted with great ferocity and overcome as 2.0, DeFi, and staking take this to new heights,” he explained.

Ethereum

Image courtesy of Pentoshi. Chart via TradingView

Fundamental Strength Could Help Propel It Past This Key Level

In order for Ethereum to surmount this crucial price region, it will likely require a combination of technical and fundamental strength.

It does appear to be strong on the fundamental front, as its on-chain demand has skyrocketed in recent times.

Another respected analyst recently spoke about why he believes ETH has yet to see peak on-chain demand, pointing to the rise of DeFi as well as the heightened scalability that ETH 2.0 will offer.

He concludes that the transition to 2.0 coupled with continued growth in the DeFi sector will lead to heightened capital inflows.

“Likely the combination of both ETH 2.0 and Defi’s continued growth will lead to a higher capital flow in a 3 month period over the next 2 years compared to 2017.”

Featured image from Shutterstock.

Charts from TradingView.
Tweet123Share208ShareSend
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’s Breakout Above The MA50 Suggests Further Upside, Here’s The Target

Ethereum (ETH) has decisively broken above a resistance level, the 50-day Exponential Moving Average (EMA50), igniting renewed bullish momentum across...

Scott Matherson 9 hours ago
Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next?

Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next?

Ethereum is trading at a pivotal level after a strong bullish rally pushed its price above the $3,650 mark. This...

Sebastian Villafuerte 10 hours ago
Ethereum Shorts Are Getting Crushed: Could ETH Be Eyeing a New All-Time High?

Ethereum Shorts Are Getting Crushed: Could ETH Be Eyeing a New All-Time High?

Ethereum’s recent price trajectory has caught the attention of traders and analysts, as the asset extends its bullish rally well...

Samuel Edyme 19 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's Rally Isn't What It Seems — Here's What's Really Driving It

Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It

Samuel Edyme 2 minutes ago
Ethereum news

Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins

Jake Simmons 3 hours ago
Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Sebastian Villafuerte 6 hours ago

Premium Sponsors

Press Releases

  • 米下院がGenius法案を可決、暗号資産市場は4兆ドル間近に — 次なる仮想通貨1000倍の期待銘柄とは

    ...

    3 hours ago
  • Top 5 Cloud Mining Sites in 2025: Best Crypto Platforms for...

    6 hours ago
  • PAXMINING Leads 2025 Bitcoin Mining Surge: Innovative Cloud...

    8 hours ago
  • ミームコイン熱狂の中、最新仮想通貨プレセールが63万ドルを突破

    ...

    10 hours ago
  • XRPが3.4ドルの最高値を突破し、2日間で取引量が約4倍に急増する中で注目される次の仮想通貨おすすめ

    ...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

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.