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

The SEC's war against Ethereum and Consensys isn’t over
Bill Hughes8 hours agoThe SEC"s war against Ethereum and Consensys isn’t overGary Gensler will be forced out as SEC chairman if Trump is elected — but he could remain as a commissioner to continue his anti-crypto cru
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain
More Than 7,000 Ordinals Inscriptions Have Already Been Included on the Bitcoin Blockchain Ordinals inscriptions, viewed as a kind of Bitcoin-native NFTs, are picking up steam amon
Best Meme Coins to Buy as Whale Activity Suggests Changing Tides – From $BTC to Tokens Like $MELANIA
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
Turner Wright7 hours agoRipple ruling and crypto ETFs ‘drove a lot of urgency’ among lawmakers, reportedly says Coinbase CEOCoinbase CEO Brian Armstrong reportedly said Representatives Maxine Waters and Patrick McHen
Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried
Shark Tank Star Kevin O"Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the c
Zhiyuan Sun6 hours agoJury directions begin in Sam Bankman-Fried criminal trialJury deliberations are to expected to begin shortly and may last until next Monday.1693 Total views10 Total sharesListen to article 0:00NewsJ
Hyperledger Challenges Quorum for Enterprise Ethereum Crown
There’s a seismic shift taking place in the enterprise blockchain space. It’s called Besu. A software client designed from scratch to connect businesses with the public ethe
Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125
Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125 In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent g
India’s Crypto Bill Omitted From Parliament Agenda While New Ban Report Appears
India"s Crypto Bill Omitted From Parliament Agenda While New Ban Report AppearsDespite much anticipation, the Indian cryptocurrency bill is not included in the list of bills to be i
CropBytes Games Celebrates a Milestone Unheard of, ‘4 Years of Sustainable Web3 Gaming’
CropBytes Games Celebrates a Milestone Unheard of, ‘4 Years of Sustainable Web3 Gaming’ press release PRESS RELEASE.For a gaming community to complete 4 years in the crypto gami
Tom Mitchelhill3 hours agoMysterious Bitcoin wallet becomes 3rd largest BTC holder in 3 monthsAn unknown wallet has accrued more than $3 billion worth of Bitcoin in the last three months, sparking a wave of theories abou
Brayden Lindrea8 hours agoUK’s Travel Rule comes into effect, could halt certain crypto transfersThe crypto Travel Rule, which came into effect on Sept. 1, aims to stop money laundering and terrorist financing activiti