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 Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans
  • 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 Targets $500 Billion Valuation In New Equity Offering Amid US Expansion Plans

Ethereum Displays Bullish Pattern, What To Expect Next?

anushsamal
anushsamal
2 years 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.

Over the past trading sessions, Ethereum has managed to appreciate and topple over the $1,600 price zone. At the moment, the altcoin might be displaying consolidated price action.

In the past week, the coin has jumped by nearly 8%, which has made ETH breach a crucial resistance level of $1,430. It has now turned that level into a support zone. On the daily chart, the Ethereum price also formed a bullish pattern. The technical outlook of Ethereum pointed out that the bulls were taking charge of the price action. Demand for the altcoin had also moved north.

Related Reading

Ethereum

Bitcoin Falls Back To $24,000 After Briefly Topping $26K – Will BTC Backpedal Further?

1 year ago

The buying pressure had noted a downtick but was still bullish. Accumulation also noted a positive change as a result. If the bulls witness a further increase in demand, ETH could break past the $1,700 mark. The market capitalization of the altcoin also increased over the last 24 hours, which indicated that buying strength also shot up.

Ethereum Price Analysis: One-Day Chart

Ethereum
Ethereum was priced at $1,686 on the one-day chart | Source: ETHUSD on TradingView

ETH was trading at $1,686 at the time of writing. After piercing through the $1,430 mark, the altcoin continued to break past multiple resistance levels. The overhead price ceiling stood at $1,700, breaching which the coin can witness resistance at $1,770 respectively.

The crucial support line for Ethereum stood at $1,560. But a fall through this level will cause ETH to fall below $1,430. The bullish force seems to have taken over, although the rally could be short-lived.

Ethereum formed the bullish megaphone pattern, which is also called the broadening pattern that highlights volatility.

In this case, the pattern signifies the presence of higher highs and lower lows, which means that the altcoin was bullish. The amount of ETH traded in the last session remained positive, implying positive buying strength.

Technical Analysis

Ethereum
Ethereum registered demand on the one-day chart | Source: ETHUSD on TradingView

After being stuck inside the bearish zone, demand managed to move into the positive zone over the last few trading sessions. The Relative Strength Index was above the 50 mark and was parked near the 60-mark, indicating that buyers outnumbered sellers.

The indicator noted a small downtick, it is crucial that demand climbs on the chart further if ETH has to trade near $1,800.

In accordance with increased demand, ETH moved above the 20-Simple Moving Average (SMA) line as buyers started to drive the price momentum in the market.

Ethereum
Ethereum displayed a buy signal on the one-day chart | Source: ETHUSD on TradingView

Other technical indicators have also pointed towards a bullish force. Moving Average Convergence Divergence which measures the price momentum and reversal depicted in green signal bars is reflected due to buying signals on the chart.

Related Reading

Solana Price Rallies Over 10%

SOL Price Prediction: Solana Could Rally To $25 If It Clears This Hurdle

1 year ago

Parabolic SAR indicates the price direction and the change in the same. The dotted lines were below the candlesticks which meant that the price was moving on the upside.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

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

Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market

Bitcoin is under renewed selling pressure as fear begins to creep back into the market. After weeks of high volatility,...

Sebastian Villafuerte 6 hours ago
bitcoin hyper presale

Οι φάλαινες αγοράζουν σχεδόν $100.000 Bitcoin Hyper σε δύο ώρες καθώς η προπώληση πλησιάζει τα $18 εκατομμύρια

Το Bitcoin Hyper ($HYPER), ένα ανερχόμενο layer‑2 project που φιλοδοξεί να φέρει το Bitcoin στην εποχή των smart contracts και...

Ιωάννης Ριζόπουλος 8 hours ago
Bitcoin news

Bitcoin Will Soak Up Trillions From China And Russia, Billionaire Predicts

Pantera Capital founder Dan Morehead believes a geopolitical shift in reserve management will push adversaries of the United States into...

Jake Simmons 11 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

Bitcoin Whales

Bitcoin Whales Sell 147,000 BTC Since August, Fastest Selloff Of Cycle

Keshav Verma 1 hour ago
Bitcoin

Bitcoin Is Not Done Yet Despite Price Crash To $112,000, Here’s Why

Scott Matherson 2 hours ago
XRP

XRP Gets A Retirement Twist: Expert Calls It A 401(k)

Christian Encila 5 hours ago

Premium Sponsors

Press Releases

  • Aster z Binance rośnie o 1800% w tydzień pomimo spadku na rynku: Czy Bitcoin Hyper będzie następny?

    Aster z Binance rośnie o 1800% w tydzień pomimo spadku na...

    14 seconds ago
  • Akcje skarbowe krypto w spadku, podczas gdy traderzy zwracają się ku bezpieczniejszym przedsprzedażom kryptowalut, takim jak PEPENODE

    Akcje skarbowe krypto w spadku, podczas gdy traderzy...

    1 hour ago
  • Binanceův Aster roste o 1800 % za týden navzdory pádu trhu: Je Bitcoin Hyper dalším na řadě?

    Binanceův Aster roste o 1800 % za týden navzdory pádu...

    2 hours ago
  • Binanceov Aster raste 1800% u tjedan dana unatoč padu tržišta: Je li Bitcoin Hyper sljedeći?

    Binanceov Aster raste 1800% u tjedan dana unatoč padu...

    2 hours ago
  • Krypto pokladni akcie padají, obchodníci se obracejí k bezpečnějším presaleům jako PEPENODE

    Krypto pokladni akcie padají, obchodníci se obracejí k...

    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.