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: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma
  • 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: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma

Here’s Why Ethereum Could Return to Last Week’s Lows at $315

Nick Chong
Nick Chong
4 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 surged over the past few days after bottoming at $310-315 early last week. The leading cryptocurrency has been benefiting from a recovery in both legacy markets and Bitcoin, which both have pushed higher since the lows they established last week.

As of the time of this article’s writing, ETH trades for $380 — which is a price over 20% higher than the aforementioned lows.

The cryptocurrency is up 5% in the past 24 hours, having pushed higher from a strong drop on Sunday morning. The coin remains in a decent spot from a derivatives positioning standpoint, with funding rates mostly neutral.

Still, an analyst thinks that Ethereum could be primed to correct back towards the low in the near future. Here’s why this analyst thinks this will be the case.

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000

Ethereum Could Be Poised to Correct Towards $383: Here’s Why

Ethereum’s ongoing rally hasn’t convinced all traders that the cryptocurrency is back in a bull trend.

One analyst and exchange co-founder shared the chart below on September 14th. It shows that while ETH’s rally has marked a strong bounce, the coin is currently in a precarious technical situation.

The chart shows that ETH is currently rubbing up against two key resistances: a horizontal support at ~$385 and an internal trend line that supported the price recovery last week. The analyst’s indicator, Top Goon X, has also formed a low time frame reversal signal, suggesting downside is more likely than upside.

These factors working in tandem are set to bring Ethereum towards the low-$300s, he suggested:

“I shorted $383. Resistance retest. Top Goon X with a LTF trend reversal signal. Potential for a “home run” play if we drop to low $300’s. Had to take the chance.”

Image

Chart of ETH's price action over the past few weeks with analysis by crypto trader and LVL founder "Nebraskan Gooner" (@Nebraskangooner on Twitter). Chart from TradingView.com
Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million

All Eyes on Legacy Markets

Although there are reasons to think Ethereum reverses as he laid out, it’s important to keep an eye on legacy markets this week.

Alex Kruger, a macro analyst and economist tracking the crypto industry, recently commented that legacy markets could undergo a rally this week:

“Could have an obscenely green rocket start of the week. From Wednesday on it will be up to the Fed to let the party continue. Quite a few IPOs this week could help fire up risk appetite.”

This is important for Bitcoin as the cryptocurrency has roughly been tracking stocks over the past few months.

Related Reading: It’s “Logical” for Ethereum To Reject At Current Prices: Here’s Why
Featured Image from Shutterstock
Price tags: ethusd, ethbtc
Charts from Tradingview.com
Here's Why Ethereum Could Return to Last Week's Lows at $315
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

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

eth-btc-bataille-volumes-spot-ethereum-avantage

ETH vs BTC : la bataille des volumes spot tourne en faveur d’Ethereum

Depuis cinq ans, Bitcoin dominait sans partage les volumes spot. Mais l’histoire vient de basculer : Ethereum (ETH) a pris...

guillaumev 1 day ago
Ethereum Price Forming Base

Ethereum Price Forming Base – Key Levels That Could Trigger a Breakout

Ethereum price started a fresh decline below the $4,450 zone. ETH is now consolidating and might aim for a fresh...

Aayush Jindal 1 day ago
эфириум и график

Ethereum на грани: цена тестирует критический уровень $4 300

Рынок Ethereum оказался в напряженной ситуации, когда цена цифрового актива колеблется около $4 300. На фоне этой динамики внимание инвесторов...

daria 2 days 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 Price Gathers Strength

Ethereum Price Gathers Strength – Will a Fresh Increase Come Next?

Aayush Jindal 19 hours ago
Ethereum

Ethereum Supply Shock? BitMine Absorbs 319,000 ETH In A Week

Godspower Owie 21 hours ago
Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H

Sebastian Villafuerte 1 day ago

Premium Sponsors

Press Releases

  • イーサリアム...

    2 hours ago
  • ビットコイン...

    2 hours ago
  • 200日移動平均線への挑戦、市場のセンチメントを探る

    シバコイン...

    2 hours ago
  • ドージコイン 今後の展望:DOGE ETF開始を前に高まる期待

    ドージコイン 今後の展望:DOGE...

    7 hours ago
  • リップル 今後の展望:電気自動車メーカーがXRPステーブルコインを採用、次世代決済網への布石か

    リップル...

    7 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.