Fun

Ethereum Price Prediction: Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867

News Feed - 2025-02-22 03:02:32

Este artículo también está disponible en español.


Ethereum has yet to returnto its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep upwith the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close


As revealed by a technical analyst on the TradingView platform, technical analysis ofthe Ethereum price poses a bullish outlook to finally break above its all-time high of $4,878. Ethereum is currently positioned ata key inflection point, where it is trading just above a multi-year support trendline. Notably, this trendline has acted as a solid foundation during previous downturns, allowing ETH to consistently rebound after touching this level. Given this historical precedent, the next expected move is another upward bounce, potentially setting the stage for a renewed bullish push. Related Reading Ethereum Price Guns For A Mid-High Timeframe Reversal Against Bitcoin In Bullish Q1 2025 1 month ago


The strength of this support trendline is further reinforced by key Fibonacci levels, which have previously served as inflection points for Ethereum’s major rallies. At present, Ethereum is positioned around the 14.6% Fib retracement level from its break above $4,000 in September 2024, which is a zone that has historically caused reversals and strong bullish momentum. Strong support hints at rally to a new all-time high | Source: Chart on Tradingview


In addition to the Fibonacci level, Ethereum’s price structure is also currently supported by the monthly 55 Exponential Moving Average (EMA), which is typically known for marking long-term bullish trends. This adds weight to a bounce on the multi-year support trendline. Triangle Formation Confirms The Explosive Move


The analyst also noted that ETH has been trading within a triangle pattern in a multi-month timeframe. Triangle patterns often signal a period of consolidation before a strong move in either direction and in Ethereum’s case, the supporting trendlines and Fibonacci levels suggest a higher probability of an upward breakout.  Related Reading Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 1 month ago


The specific pattern forming on Ethereum’s chart is an ascending triangle, a bullish continuation pattern characterized by a rising lower trendline and a horizontal resistance zone. The upper resistance trendline for this formation sits around the $4,000 mark, a level that has proven difficult to breach three different times this cycle. However, the next trycould cause a breakout if Ethereum continues to build on the growing bullish signals with the Fib level and the 50 EMA. Once Ethereum clears the ascending triangle’s upper resistance, the next primary price target would be around $4,867, its current all-time high.


At the time of writing, Ethereum is trading at$2,760, up by 1.1% in the past 24 hours. ETH trading at $2,790 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Ethereum, chart from Tradingview.com

News Feed

India’s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force
India"s Crypto Trading Volume Plummets as New Tax Rules Enter Into Force Crypto trading volumes in India have plummeted following the new tax law entering into force. The new rules
US Senator Introduces Legislation to Repeal Infrastructure Bill’s Attack on Crypto Industry
US Senator Introduces Legislation to Repeal Infrastructure Bill’s Attack on Crypto Industry U.S. Senator Ted Cruz has introduced a bill to repeal the $1 trillion infrastructure p
Karma served: Pink Drainer gets hit with address poisoning scam
Tom Mitchelhill6 hours agoKarma served: Pink Drainer gets hit with address poisoning scam“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack.2278 Tota
Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation Fund
Onecoin Victims Join Petition Seeking Establishment of European Crypto Fraud Compensation FundOnecoin victims have joined a consortium that wants the European Parliament to consider
Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation
Ledger Wallet Data Leak Dumped on Raidforums for Free, Company Regrets the Situation Just recently, the hardware wallet manufacturer Ledger has been dealing with
Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF
Alex O’Donnell7 hours agoRegulators postpone listing decision for Hashdex Nasdaq Crypto Index ETFIf approved, the ETF would be the first US fund to hold a diversified portfolio of spot cryptocurrencies.3600 Total views
Spot Bitcoin ETFs reverse 7-day outflow streak
Amaka Nwaokocha41 minutes agoSpot Bitcoin ETFs reverse 7-day outflow streakAs of June 25, the 11 spot Bitcoin funds that debuted in January have seen net inflows of $14.42 billion.311 Total viewsListen to article 0:00New
Best Crypto Presales with Safe Haven Potential as Goldman Sachs Predicts $4,500 Gold Price
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 pu
Sony subsidiary rebrands to S.BLOX, expands crypto trading
Josh O"Sullivan15 minutes agoSony subsidiary rebrands to S.BLOX, expands crypto tradingS.BLOX aims to enhance WhaleFin’s user interface and features, reflecting Sony Group"s growing crypto ambitions.108 Total views1 To
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021
Mastercard Study: African Fintech Sector Had One of the Highest Year-on-Year Growth Rates in Funding in 2021 In 2021, African fintech startups accounted for 61% of the $2.7 billion
Fidelity Discusses Future of Crypto Ecosystem — Says Bitcoin Is ‘a Superior Form of Money’
Fidelity Discusses Future of Crypto Ecosystem — Says Bitcoin Is "a Superior Form of Money" Fidelity Digital Assets has released a report explaining why bitcoin is a superior form
DealDefi Network Presale is Now Open to the Public
DealDefi Network Presale is Now Open to the Public PRESS RELEASE. The DealDefi network is a scalable heterogeneous blockchain for lending/borrowing & marketplace