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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
  • 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: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Here’s Why Ethereum’s Bull Case Remains Strong Despite Decline to $200

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 underperforming Bitcoin and many of its other peers over the past couple of months, with its sharp decline from yearly highs of $290 doing some damage to mid-term market structure.

It now appears that Ethereum could be positioned to gain some ground against the rest of the market, as its technical outlook is growing increasingly bright as it begins flashing some subtle signs of strength.

ETH is also strong from a fundamental perspective, as data shows that the number of Ethereum addresses with a non-zero balance has passed that of Bitcoin. This growth could be rooted in its growing utility stemming from DeFi initiatives.

If the crypto continues seeing mounting strength on these two fronts, it could be in for some immensely bullish momentum in the months ahead.

Ethereum Price Poised for Upside Despite Short-Term Signs of Weakness

Ethereum is currently teetering just above its key support at $200, with the decline seen by Bitcoin and other altcoins today placing some pressure on ETH.

At the time of writing, Ethereum is trading down just under 2% at its current price of $201. This marks a notable decline from recent highs of $210 that were set this past weekend.

This present weakness may be short-lived, however, as analysts are noting that the support at $200 could be enough to boost the crypto higher in the days and weeks ahead.

One crypto trader on Twitter recently offered a chart detailing where he anticipates it to trend in the near-term, marking an upside target at roughly $216.

Ethereum
Image Courtesy of Byzantine General

Josh Olszewicz – another respected analyst – recently cautioned that investors should “watch out” when the crypto’s cloud formation finally flips into bull’s favor.

“1D ETH: when this finally flips bull, watch out,” he stated while pointing to the chart seen below.

Ethereum
Image Courtesy of Josh Olszewicz

Although this would be an overtly bullish sign, it does appear that the last time this occurred in March the crypto saw a sharp selloff. As such, this could actually be a counter indicator that suggests it is poised to see downside.

ETH’s Fundamental Strength Continue Building

Regardless of slightly mixed sentiments amongst technical analysts, the cryptocurrency does appear to be in a good position to see growth stemming from its fundamental strength.

Camila Russo, a writer and popular crypto commentator, spoke about the rise of Ethereum addresses with a non-zero balance in a recent tweet, explaining that they have now surpassed that of Bitcoin.

“Ethereum addresses with non-zero ETH balances have also continued to shoot past Bitcoin addresses holding BTC, after overtaking them last year. This coincides with the rise of DeFi,” she explained while referencing the below chart from Glassnode.

Data via Glassnode

This fundamental growth does make a strong case for the crypto’s mid-term outlook, suggesting that its future still remains bright despite its recent lackluster price action.

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

Ethereum Price Recovery Strong

Ethereum Price Recovery Strong – Major Resistance Test Coming Next

Ethereum price started a fresh increase above $4,520. ETH is now showing positive signs and might attempt to clear the...

Aayush Jindal 15 hours ago
ethereum eth

Ethereum Price Prediction: Citi Caps Year-End at $4,300, But ETF outflows Challenge Outlook

Ethereum (ETH) has been consolidating between $4,200 and $4,700 after setting an all-time high last August. While many investors anticipate...

James Halver 17 hours ago
Ethereum

Ethereum Bulls Eye New Records Despite Market Volatility — What’s Driving Sentiment?

Despite a recent bout of market volatility, Ethereum’s bullish sentiment remains strong. With ETH holding strong above key support levels,...

Godspower Owie 18 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 potrebbe puntare ai 10.000 $: ecco perché tanti analisti sono ottimisti

Orfeo Barone 4 hours ago
Ethereum price news

Ethereum Gears Up For $10,000: Charts Flash Parabolic Rally Signals

Jake Simmons 8 hours ago
ethereum

Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest

Ash Tiwari 13 hours ago

Premium Sponsors

Press Releases

  • 4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić Shiba Inu (SHIB) w następnym rajdzie byków

    4 tokeny gotowe na ogromny wzrost, które mogą wyprzedzić...

    1 hour ago
  • Биткойн отново на $117K след намаляване на лихвите – Отварят ли се вратите за покупки, докато Bitcoin Hyper ICO надхвърля $16,5M

    Биткойн отново на $117K след...

    3 hours ago
  • Етериум се насочва към 5 000 USD: 5...

    3 hours ago
  • Masívne pálenie tokenov pokračuje vo Wall Street Pepe

    Masívne pálenie tokenov pokračuje vo Wall Street Pepe...

    3 hours ago
  • ドージコイン 今後の価格予測:2021年以来の強気シグナル点灯、1ドル到達への300%上昇も視野に

    ドージコイン...

    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.