Fun

Ethereum Price Breakout: Charting The Uncertain Part Of ETH To $18,000

News Feed - 2024-12-08 09:12:20

Este artículo también está disponible en español.


Crypto analyst BallaJi has provided insights into how the Ethereum price breakout could happen and even raised the possibility of ETH reaching $18,000. Ethereum currently boasts a bullish outlook , having recently broken above $4,000 for the first time since March of  this year.  How The Ethereum Price Could Reach $18,000


In a TradingView post, BallaJi predicted that the Ethereum price could reach $18,000. The crypto analyst explained that based on logarithmic projections, the measured move of this HVF could send Ethereum to the target. He provided a caveat, stating that the price rally to the target might not happen in 2025.  Related Reading Analyst Says Bitcoin Price At $100,000 Is A ‘Dangerous Zone’, Predicts Massive Crash 1 day ago Source: TradingView


However, he is confident that if this bullish pattern is completed, then the Ethereum price could reach this $18,000 price target later on this decade. A rally to this price target would give Ethereum a market cap of around $2 trillion based on its circulating supply of 120.44 million ETH. 


Meanwhile, BallaJi highlighted three logarithmic targetson the chart, with $18,000 being the third and last target. The first and second targets are at $3,818 and $6,236 respectively. In an update on the trade setup, the crypto analyst noted that the Ethereum price has reached, broken, and retested the first target at $3,818.  Source: TradingView


With the trade now active, BallaJi provided insights into how the Ethereum price could continue this upward trend using linear measured moves.  The accompanying chart he shared showed that the next linear target is at $5,193; a rally to that target would mark a new all-time high (ATH) for ETH, with its current ATH at $4,800.  


Meanwhile, the next linear target is at $7,299. BallaJi’s chart showed that the Ethereum price should hit these price targets by next year. A rally to the $7,299 target could then pave the way for ETH to reach $18,000, although the analyst already warned that it might not happen in 2025.  Countdown To New ATH Has Begun


In an X post, crypto analyst Justin Bennettstated that the countdown to a new ATH for the Ethereum price has begun. According to the analyst, ETH could rally quickly above $5,000 as it breaks several levels this week. The analyst’s accompanying chart showed that the quick rally above $5,000 could lead Ethereum to hit $6,300.  Related Reading Dogecoin Price Analysis: Ascending Triangle On 2-Hour Chart Shows DOGE Is Still Very Bullish 1 day ago Source: TradingView


Crypto analyst Titan of Cryptoalso predicted that an Ethereum price rally to $5,000 is imminent. He stated that ETH’s market structure mirrors BTC’s from a few weeks ago. He remarked that the $5,000 target is just the minimum as he believes that Ethereum will likely go higher.  Source: TradingView


At the time of writing, the Ethereum price is trading at around $3,980, up almost 3% in the last 24 hours, according to datafrom CoinMarketCap.  ETH price struggling to hold $4,000 | Source: ETHUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Savannah Fortis13 hours agoBitcoin sails the seas: Sailor paints giant ‘B’ on boat to promote crypto across the wavesA captain from Brussels took his passion for sailing and Bitcoin and set sail on his Sato Boat pain
Moledao Launches Pioneering Web 3.0 Hackathon on the Metaverse
Moledao Launches Pioneering Web 3.0 Hackathon on the Metaverse press release PRESS RELEASE. Moledao, a social platform for blockchain enthusiasts, announced today its upcoming Web 3
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets The Security Service of Ukraine (SBU) has closed down a number of “underground”
Tesla CEO Elon Musk Shares Dogecoin Video — Says It ‘Explains Everything’
Tesla CEO Elon Musk Shares Dogecoin Video — Says It "Explains Everything" Tesla CEO Elon Musk has shared a dogecoin video on Twitter in a conversation about bitcoin mining on Apr
Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver
Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver During the first week of April, the publicly-listed gaming and internet com
B2BinPay: How to Find a Reliable Provider of Bitcoin Payments
B2BinPay: How to Find a Reliable Provider of Bitcoin Payments press release PRESS RELEASE. Bitcoin is not just the first cryptocurrency to have come onto the scene – the role
Prashant Jha3 hours agoOver $204M lost to DeFi hacks and scams in Q2: Finance RedefinedThe top 100 DeFi tokens didn’t see much change in price over the past week, with the majority posting minor weekly gains.576 Total
Price analysis 7/29: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA
Rakesh Upadhyay4 hours agoPrice analysis 7/29: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADABitcoin turned down from $70,000, a sign that bears are fiercely defending the overhead resistance, but the price whipsaws a
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion
Ethereum After 1559: Network Participants Burn Over 300,000 Ether Worth More Than $1 Billion On August 5, 2021, the Ethereum network and its participants successfully completed the
Cardano Price Prediction: Analyst Says $0.8 Might Not Come Again If This Wedge Breaks Out
Este artículo también está disponible en español. As part of his Cardano price prediction, crypto analyst CobraVanguardhas revealed what needs to happen for ADA to never
Bitcoin top $70K or $210K? Analysts, price models clash over BTC cycle peak
Martin Young2 hours agoBitcoin top $70K or $210K? Analysts, price models clash over BTC cycle peakVeteran trader Peter Brandt sparked debate after suggesting BTC may have already hit its peak this cycle, but even he didn
Kamala Harris presents an opportunity for Democrats on crypto, say lawmakers
Turner Wright6 hours agoKamala Harris presents an opportunity for Democrats on crypto, say lawmakersA letter called for the Democratic National Committee to “include pro-digital asset language” in its platform and fo