Tracing Ethereum Price Moves As It Enters Most Bullish Phase
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Ethereum’s quarterly returns have historically been a bellwether for altcoin market trends, indicating a potential bullish phase for ETH price as it enters 2025 with a modest +0.05% in Q1. This follows a robust 2024 with a significant +59.66% rise in Q1, despite subsequent dips in Q2 and Q3 and recovery in Q4. If Ethereum continues this pattern of recovery post-Q3 setbacks, it could signal an optimistic Q1 for 2025. Ethereum quarterly signals | Source: Coinglass This performance could fuel retail interest in altcoins like ai16z (AI16Z), Pudgy Penguins (PENGU), Pepe (PEPE), and Cardano (ADA), suggesting increased activity and potential gains in these assets. Ethereum’s ability to rebound strongly in Q4 across multiple years highlights its resilience and impact on the broader cryptocurrency market, likely catalyzing growth across various altcoin sectors as new investment cycles commence. What Ethereum’s Most Intense Swap Level More dive into Ethereum analysis showed a stagnant pattern, with the $3,356 level emerging as a pivotal point of interest, consistent over the last 13 trading days. – Advertisement – This level, evident on ETH’s daily chart, acted as a significant swap area, reflecting heightened trading activity irrespective of price movement directions. The proximity to this level whether during price ascensions or declines underscores its importance in the trading strategy, often frustrating traders yet proving effective. ETH/USDT daily chart | Source: Trading VIew This intense exchange level, consistently tested, suggests that any significant break could lead to further decisive movements in Ethereum’s price. This pattern would note the potential for either a strong breakout or a retreat, dependent on market dynamics and trader reactions at this critical juncture. What are Ethereum Whales Doing on Binance? Furthermore, Whale vs Retail Delta revealed Ethereum’s price fluctuations alongside contrasting trading behaviors between whales and retail investors on Binance. Notably, ETH whales…
Filed under: News - @ January 2, 2025 4:26 pm