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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • 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 Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts

Samuel Edyme
Samuel Edyme
10 months ago
3 mins read
Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts

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 relatively sluggish price performance compared to Bitcoin’s continuous rise appears to have captured the attention of crypto analysts.

While Bitcoin has created a new peak above $106,000 earlier today, Ethereum’s price still sits below $4,000 with a current trading price of $3,943, marking a modest 1.4% increase over the past 24 hours.

However, despite this slow pace, some analysts see signs of strength and potential growth for Ethereum in the near term.

Related Reading

Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand

Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand

10 months ago

Retest Before The Major Rally

One notable analyst, CryptoBullet, shared his insights on X, drawing comparisons between the current market environment and Ethereum’s January 2021 rally.

Ethereum price chart.
Ethereum price chart. | Source: CryptoBullet on X

“Second consecutive weekly candle closed above the resistance,” the analyst observed. “The shape of the candle and overall environment reminds me of January 2021. We might wick to $3,700 this week, but it will be bought back up quickly. Don’t ignore this ETH strength.”

CryptoBulllet further emphasized that Ethereum’s ability to hold its position above key resistance levels is a strong indicator of bullish momentum, suggesting that a significant price movement could be on the horizon.

$ETH 1W update

Second consecutive weekly candle closed above the Resistance 👌😁

The shape of the candle and overall environment reminds me of January 2021

We might wick to $3700 this week but it will be bought back up quickly 📈

Don’t ignore this #ETH strength! https://t.co/rIamWMSAb6 pic.twitter.com/29bs5aTUd3

— CryptoBullet (@CryptoBullet1) December 16, 2024

Titan of Crypto, another renowned analyst in the community echoed this optimism, noting Ethereum’s highest weekly candle close since 2021 as a major milestone.

“Ethereum New ATH Incoming. ETH just achieved its highest weekly candle close since 2021, a major milestone,” he wrote. “A successful retest could propel it to its previous ATH and beyond.”

These observations indicate growing confidence among market participants that Ethereum could soon reclaim its all-time high of $4,878, last achieved in November 2021.

Etherfeum (ETH) price chart on TradingView
ETH price is moving upwards on the 2-hour chart. Source: ETH/USDT on TradingView.com

Ethereum Traders Faces Liquidation

Despite these bullish projections, Ethereum’s recent price action has not been favorable for all market participants. According to data from Coinglass, 123,021 traders were liquidated over the past 24 hours, resulting in a total of $396.41 million in liquidations across the crypto market.

Ethereum accounted for approximately $53.12 million of these liquidations, with long positions taking the larger hit at $28.4 million, while short positions saw liquidations worth $24.69 million.

Notably, liquidation occurs when a trader’s position is forcibly closed by an exchange due to insufficient funds to cover losses. In the case of Ethereum, the higher volume of liquidations, particularly among long positions, reflects a level of over-leverage among traders betting on the asset’s upward momentum.

The crypto market total liquidations in the past 24 hours
The crypto market total liquidations in the past 24 hours. | Source: Coinglass

Featured image created with DALL-E, Chart from TrangView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

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

XRP

The XRP Shockwave Will Hit When No One’s Watching—Analyst

XRP flirted with stronger levels this week but slipped back as traders reassessed positions. According to a tweet by community...

Christian Encila 5 hours ago
Goud vs Bitcoin: goud daalt, crypto stijgt - klaar voor enorme bull run

Goud vs Bitcoin: goud daalt, crypto stijgt – klaar voor enorme bull run

De huidige markten laten zien hoe snel sentiment kan omslaan. Terwijl goud terrein verliest, schiet Bitcoin omhoog en met hem...

Lars Diederiksen 7 hours ago
Bitcoin

Gold Rotation Impact: Bitwise Warns Bitcoin Could Skyrocket To $242,000

Following a significant rally, the valuation of gold has begun to decline. Meanwhile, Bitcoin (BTC) appears to be experiencing a...

Ronaldo Marquez 12 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 πληρωμές usa

Bitcoin πληρωμές στις ΗΠΑ αγγίζουν τα $2 εκατ. την ημέρα – Το Best Wallet Token εκτοξεύεται

Ιωάννης Ριζόπουλος 4 hours ago
ρωσία Crypto

Crypto news: Η Ρωσία νομιμοποιεί τις ξένες crypto συναλλαγές – Αυτό είναι το καλύτερο crypto για αγορά τώρα

Ιωάννης Ριζόπουλος 4 hours ago
maxi doge presale

Έχεις Dogecoin; Υπολόγισέ το στο στεγαστικό σου – Γιατί οι bros το ρίχνουν στο Maxi Doge

Ιωάννης Ριζόπουλος 5 hours ago

Premium Sponsors

Press Releases

  • イーサリアム 今後の価格予測:12月に史上最高値の可能性、新興プレセール銘柄が注目を集める

    イーサリアム...

    3 hours ago
  • ビットコイン 今後:12億ドル規模のETF資金流出で10万7,000ドルのサポートが注目点に

    ビットコイン...

    4 hours ago
  • シバコイン 今後の価格予測:2025年強気相場に向けて再浮上の兆し、トークンバーンは上昇の鍵となるか

    シバコイン...

    4 hours ago
  • パイネットワーク価格予測:メインネットの噂で注目上昇、初期投資家に利益の可能性はあるか?

    ...

    4 hours ago
  • Have Dogecoin - Count It Toward Your Mortgag

    Có Dogecoin? Dùng để trả thế chấp – và lý do...

    4 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.