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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • 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 Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

As Ethereum Hits a Make or Break Level, This Factor Could Spell Doom for What’s Next

Cole Petersen
Cole Petersen
5 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 has had a great week, as it has been able to post consistent gains that have allowed ETH to claim a stable position within the $140 region. Despite this, it has been woefully underperforming Bitcoin over the past 24-hours, and it is unclear whether it will soon begin a descent as investors transfer capital from altcoins to BTC.

Analysts are now noting that the current price region Ethereum is trading at is a make or break level for the cryptocurrency, and one key factor could signal that it will soon break down and post significant near-term losses.

Ethereum Underperforms Bitcoin, But Posts Strong Gains Over the Past Week

At the time of writing, Ethereum is trading up just under 1% at its current price of $143, which marks a slight climb from its daily lows of $140 that were set earlier today.

While looking towards ETH’s Bitcoin trading pair, the cryptocurrency’s price action looks incredibly lackluster, as it is currently trading down over 5%. This poor performance is primarily due to Bitcoin’s recent price rally, which has led it to push against its key resistance level at $8,000.

Although most major altcoins like Ethereum typically move in tandem with Bitcoin, it appears that this time is different, and the ongoing rally could be driven by investors transferring their money from altcoins and into Bitcoin, hoping to catch the next major rally.

Bitcoin Jack, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that ETH is currently trading at a make or break level, and how it trades here could set the tone for how it trends in the weeks and months ahead.

“Make or break for $ETH really,” he concisely noted while pointing to the below chart.

Make or break for $ETH really pic.twitter.com/e6xnfEUwvG

— //Bitcoin 𝕵ack 🐐 (@BTC_JackSparrow) January 7, 2020

Will the Next ETH Movement Favor Bulls or Bears? 

Much to the chagrin of bulls, it does appear that the next major ETH movement may favor sellers, as the crypto has continued to stay trapped beneath a key multi-year resistance level.

“#ETHEREUM | $ETH: Looking forward to the reaction with diagonal resistance, imposed 2 years ago. What changed fundamentally? Absolutely nothing… Failure to break upon test will short all the way down to daddy target,” Teddy, another popular crypto analyst, explained in a recent tweet.

https://twitter.com/teddycleps/status/1214339986373218304

If this trend line does spark another major sell-off, Ethereum could drop to as low as 0.011 BTC according to the target on Teddy’s chart, which marks a massive decline from its current price of 0.017 BTC.

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

Bitcoin price

Bitcoin Price Could Soar To $146K In The Next Leg Up — Analyst Explains How

After going on an impressive run to close the week, the Bitcoin price has become relatively steady over this weekend....

Opeyemi Sule 4 hours ago
ETH ETF

ETH ETF inflows stijgen $320 miljoen voorbij – Ethereum koers rally onderweg?

Het momentum van de Ethereum koers bouwt flink op. De afgelopen 24 uur noteert ETH een stijging van ruim 6%...

Lars Diederiksen 7 hours ago
BTC All-Time High

Crypto expert: Bitcoin bereikt nieuwe ATH van $112k, betekent dit start van altcoin season?

Nu Bitcoin een nieuwe all-time high heeft gehaald, roert de crypto space zich weer flink. Op het moment van schrijven,...

Lars Diederiksen 8 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

Solana

Solana (SOL) Set For Price Run To $2,700 — But This Condition Must Hold

Semilore Faleti 2 hours ago
Bitcoin

Who Flipped The Switch? Bitcoin STHs Accumulate While LTHs Take Profit

Opeyemi Sule 3 hours ago
XRP

XRP To Hit $4 This Week? This Crypto Expert Thinks So

Christian Encila 55 minutes ago

Premium Sponsors

Press Releases

  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    21 hours ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    21 hours ago
  • 新しい仮想通貨価格動向|話題の最新コインの成長可能性

    ...

    21 hours ago
  • アルトコイン注目銘柄|2025年7月第2週に見るべき3銘柄

    ...

    21 hours ago
  • ロビンフッドが1ドルから始めるETHとSOLのステーキングを開始──今注目の仮想通貨投資はこれだ?

    ...

    22 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.