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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Entering “New Bull Phase” as Technical Structure Shapes Up

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

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 is currently on the cusp of breaking back into its long-established trading range between $230 and $250.

A recent influx of selling pressure experienced by the cryptocurrency forced its price to break below the lower boundary of this trading range for an extended period of time, with ETH even testing its crucial support at $220 on a couple of occasions.

This price action has represented an underperformance of Bitcoin – as the benchmark cryptocurrency only broke below its established trading range for an incredibly short period of time.

One analyst is now noting that he believes Ethereum is on the cusp of entering a new bull phase, with its macro price structure beginning to show signs of strength.

He supports this notion by pointing to the fact that the past couple of months has been one of the few times when the crypto has been able to sustain above $200 for over a month.

This “new bull phase” could also be fueled by a mounting narrative regarding the cryptocurrency’s underlying strength.

Ethereum’s Technical Outlook Strong Despite Range-Bound Trading

At the time of writing, Ethereum is trading up just under 2% at its current price of $229. The crypto has been trading around this price region for the past several days and weeks, struggling to garner any clear momentum in either direction.

It does appear that bulls are attempting to push ETH back into its long-held trading range, as it has been stuck beneath this level for an extended period of time.

If buyers surmount the resistance it appears to be facing around $230, it could be well-positioned to push up towards its range highs at $250.

One analyst recently explained why he feels the crypto is entering a fresh bull phase, explaining that its ability to hold above $200 for a multi-month period bodes well for its high time frame outlook.

“ETH HTF Update: Previously every time PA broke above $200 we saw a very quick and very fast dump back below $200 within the first monthly period. This time looks different… Current candle structure is looking great and I think we could really be heading into a new bull phase,” he explained.

Ethereum

Image courtesy of Cactus. Chart via TradingView.

Bullish ETH Narrative Blossoms with DeFi Sector’s Growth

The growth of the Ethereum-based DeFi sector has fueled a new wave of bullish Ethereum narratives, with many speculating that the money and users that DeFi is attracting will ultimately boost the cryptocurrency’s price.

Ryan Adams, the founder of Mythos Capital, spoke about this in a recent tweet, explaining that the “DeFi boom = ETH moon” narrative is convincing.

“I’m a fundamentals investor, I don’t dabble much with narrative investing. But if I was I’d put money on this… DeFi boom = ETH moon. Nothing’s certain. But linking the DeFi boom to ETH price appreciation is one of the most obvious narrative plays I’ve seen in crypto,” he explained.

Featured image from Shutterstock.

Charts from TradingView.
Tweet123Share205ShareSend
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

本月最熱門迷因幣價格反彈:哪些冷門項目有望暴漲100倍?

7月加密貨幣市場迎來動能爆發,比特幣穩站11萬美元大關,再次引發資金大規模輪動,meme幣成為最先受益的資產類別。在這場文化驅動與社群共鳴的漲勢之中,不只是Bonk與Pepe這類明星幣重新走紅,反而是...

Mark Mak 4 hours ago
Cardano (ADA) Turns Upward

Cardano (ADA) Turns Upward — Signs of a Recovery Emerge

Cardano price started a fresh increase from the $0.5650 zone. ADA is now consolidating and might attempt a clear move...

Aayush Jindal 5 hours ago
XRP Price Strengthens

XRP Price Strengthens — Eyes Set on Key Resistance Levels

XRP price started a decent upward move from the $2.20 zone. The price is now showing positive signs and might...

Aayush Jindal 6 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

BTC Bull Token tiek palaists šodien – jaunā kriptovalūtas sensācija ar bezmaksas Bitcoin atlīdzībām

lasma 1 hour ago
Dogecoin price analysis

Chartist Slams Misleading Dogecoin Analysis: ‘Focus On This Instead’

Jake Simmons 2 hours ago
XRP price news

XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is Important

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • MEXC Golden Era Showdown Concludes with Record 4M USDT...

    7 minutes ago
  • MEXC Releases Bimonthly Transparency Report: $559 Million...

    2 hours ago
  • Make $8,000 a day in stable passive income easily –...

    17 hours ago
  • SunnyMining——A passive income tool that allows ordinary...

    19 hours ago
  • Cryptocurrency is the best way to get rich quickly, easily...

    1 day 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.