front pageEthereumEthereum's bullish signal may help ETH price surge 93%

Ethereum's bullish signal may help ETH price surge 93%

Published on

spot_img

Multiple positive signs for Ethereum could help ETH price rise 93%
NOIDA (CoinChapter.com) - Ethereum token’s on-chain indicators and technical setups show multiple positive signs. Amid the latest cryptocurrency market correction, Ethereum has shown strong resilience and potential for future growth.
Despite a notable pullback of 44% (more severe than Bitcoin’s 21%), Ethereum’s quick recovery highlights the token’s resilience to market volatility.
On-chain indicators are bullish for Ethereum
Key analysis shows that Ethereum’s price has found solid support at the Short-Term Holder Cost Basis (STH Cost Basis).
This level has been acting as a building block during price declines, indicating that recent investor positioning is solid and suggesting a degree of market confidence.
Furthermore, long-term Ethereum holders (LTH) are demonstrating continued confidence in the asset’s value proposition. Despite underperforming Bitcoin, investors do not appear to be in a rush to divest, which can be interpreted as a positive view on Ethereum’s price action.
Decreasing volatility is also another bullish indicator for Ethereum. Since the FTX lows, the cryptocurrency has experienced smaller corrections, which has increased its appeal to both retail and institutional investors, indicating a more stable investment environment.
The potential approval of an Ethereum ETF is also a significant factor. It promises to increase accessibility and demand, similar to what the market has observed following the introduction of a Bitcoin ETF.
Finally, while Ethereum is currently showing low speculative interest compared to Bitcoin, this could mean it has significant growth potential as it catches up to a more mature market cycle.
ETH price forms bullish pattern
Ethereum price has formed two bullish patterns, which may attract more buyers to the market.
The first pattern is visible on the 3-day time frame and is known as a “falling wedge”.
This familiar pattern often means a reversal to the upside is likely. The price target of the pattern is equal to the trendline's maximum distance at the start of the pattern plus the breakout point.
A breakout with heavy volume can signal strong market confidence, increasing the likelihood of a continued trend.
To estimate a price target for a falling wedge pattern, traders measure the widest part of the wedge that forms. They then project this distance upward from the breakout point to determine a potential target.
Higher volume during a breakout implies greater market confidence, supporting the likelihood of a successful price reversal.
According to the rules of technical analysis, the ETH price could rise above 37% and reach the theoretical price target of the pattern at around $4,123.
Another positive signal for ETH
Another bullish signal for the Ethereum token comes from the “bull flag pattern”.
Assets that are in a strong uptrend usually form this pattern. A bull flag consists of a flagpole that is caused by a near vertical rise in the price of a crypto token.
A period of consolidation after a steep rise forms the flag of the pattern. Despite the sharp rise in prices, the asset price did not fall as the bulls maintained the buying pressure. Therefore, a breakout from the flagpole pattern usually results in a strong uptrend.
Traders calculate the price target of the breakout by adding the length of the flagpole to the breakout price level. According to the rules of technical analysis, upon confirmation of the pattern, ETH price has the potential to rise by 93% to reach the expected price target of $5,772.

Latest Articles

香蕉价格反弹乏力,卖方重掌市场后逐渐回落

LUCKNOW (CoinChapter.com)—2025年3月16日,香蕉枪(BANANA)的价格飙升至20美元,但随后上涨势头减弱,逐渐平息。该代币原本有望在该领域超越其他竞争者,但最终还是受到...

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...

帕维尔·杜罗夫获准离开法国,正值法律纠纷期间

YEREVAN (CoinChapter.com) — Telegram创始人帕维尔·杜罗夫(Pavel Durov)在2025年3月13日获得法国法院批准后,离开法国并前往迪拜。他的离开紧随2024...

More Articles

香蕉价格反弹乏力,卖方重掌市场后逐渐回落

LUCKNOW (CoinChapter.com)—2025年3月16日,香蕉枪(BANANA)的价格飙升至20美元,但随后上涨势头减弱,逐渐平息。该代币原本有望在该领域超越其他竞争者,但最终还是受到...

Hedera价格预测:是否会飙升至8美元?随着Lightchain AI吸引主要投资者,市场展望乐观

Hedera价格预测显示,它可能会飙升至8美元,围绕该项目的看涨前景正在逐渐形成。随着Hedera的势头增强,Lightchain AI也在吸引重要投资者,已经在预售阶段以0.006美元的价格筹集了超...

卡尔达诺触发重大买入信号,FXGuys预售目标在2025年第三季度达到1000万美元

Cardano(ADA)发出明确的买入信号,激励交易者和机构支持者 ADA似乎有可能因更高的资金流入和积极的技术信号而上涨。然而,随着Cardano的发展,FXGuys的第三阶段预售突破450万美元...
en_GBEnglish