ETH targets $3,000 while this viral crypto jumps 340% in 7 days
The post ETH targets $3,000 while this viral crypto jumps 340% in 7 days appeared on BitcoinEthereumNews.com.
The surging pointers in the Ethereum price chart hint at a potential rebound in the upcoming sessions, with ETH holders turning confident about the altcoin’s future outlook. On the other hand, IntelMarkets’ viral AI coin has jumped by 340% in 7 days. This could drive the platform’s ongoing rally to new highs as IntelMarkets’ weekly signups cross 10,000 amid the presale hype. Ethereum Price Analysis Indicate A Breakout Soon After facing a pullback from recent highs, the Ethereum price has recently entered a consolidation phase. Currently, ETH is hovering around $1,810 with $220 billion of total market value. The Ethereum price recently found support at the $1,680 zone after it declined below key levels, with speculations about recovering the loss shortly. This happened after the Ethereum price failed to maintain momentum above the $1,900 mark. Technical analysis indicates a connecting bearish trend line forming with resistance at $2,050 on the hourly chart. The Ethereum price is below $2,000 and the 100-hourly Simple Moving Average. ETH must overcome key resistance points to begin an upward move. The first hurdle for ETH appeared at $1,860, which coincided with the 50% Fibonacci retracement level of the recent decline from $2,097 to $1,810. The $1,950 level represents the next major barrier. If buyers push Ethereum above this point, the next major hurdle would be at $2,100. A successful break above $2,100 could shoot ETH toward the $2,250 resistance. ETH Weekly Pattern Looks Mirrors 2020 Structure, Analysts Say Based on its current trading patterns, further upside might see ETH approach the $2,250 or even $2,320 zones in the upcoming sessions. However, failure to clear these resistance levels could lead to renewed selling pressure. ETH has initial support present at $1,750, with first major support at $1,680. Crossing these levels could launch the Ethereum price to…
Filed under: News - @ March 30, 2025 12:12 pm