Fun

“Ethereum Is Not Dead”: Broadening Wedge Suggests Another Leg-Up Is Coming

News Feed - 2025-03-08 02:03:44

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 publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


Crypto analyst Titan of Cryptohas provided a bullish outlook for the Ethereum price, assuring that ETH is not dead. The analyst highlighted a bullish pattern, which indicates that the second largest crypto by market cap could soon enjoy another leg up to the upside.  Analyst Hints Another Leg Up For Ethereum Is On The Horizon 


In an X post, Titan of Crypto stated that Ethereum is not dead and hinted that another leg up was on the horizon for ETH. He reaffirmed that ETH is far from being dead from a technical perspective. The analyst then noted that the Ethereum price is still progressing within a broadening wedge.  Related Reading Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed 3 weeks ago


Titan of Crypto also revealed that the Ethereum price just revisited the reload zone, the prime area where professionals look to long or buy back ETH. He remarked that this is where smart money steps in, suggesting that Ethereum could rebound from that zone. The analyst’s accompanying chart showed that Ethereum could rallyto between $6,129 and $6,589 as it rebounds from this reload zone.  Macro View Update On ETH


In an earlier analysis, Titan of Crypto also provided a macro view update on Ethereum. He noted that ETH had closed a monthly candle outside the 7-year rising wedge. The analyst added that a confirmed breakout requires the next monthly close to remain outside this wedge. In line with this, he outlined three possible scenarios for ETH.  Source: Titan of Crypto on X


For the first scenario, the analyst predicts a reintegration in which key support levels hold, leading to a bounce that pushes ETH back inside the wedge and invalidates the breakout. In the second scenario, Titan of Crypto states that there could be a triple top formationin which support holds, but ETH only retests the wedge before rolling over into a longer-term top. 


Meanwhile, he remarked that for the third scenario, ETH confirms a deeper correction if support fails. However, at this stage, Titan of Crypto believes that the first or second scenario is the most likely.  The Biggest Hurdle For Ethereum 


Crypto analyst Ali Martinezstated in an X post that the biggest hurdle for Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million ETH. The analyst asserted that breaking through this level will reignite ETH’s bullish momentum.  Related Reading Ethereum Exchange Outflows Hits 2-Month High With $1.4 Billion Withdrawn, What This Means 1 month ago


Smart money already looks to be stepping in to help Ethereum break past this critical resistance level. Martinez revealed in another X post that crypto whaleshave bought 1.10 million ETH in the last 48 hours. These whales are known to actively accumulate before a price surge, indicating that one may be on the horizon for ETH. 


At the time of writing, the Ethereum price is trading at around $2,200, down over 4% in the last 24 hours, according to datafrom CoinMarketCap. ETH trading at $2,199 on the 1D chart | Source: ETHUSDT on Tradingview.com Featured image from Unsplash, chart from Tradingview.com

News Feed

These Factors Will Drive XRP Price To $25-$75 In June – Analyst
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
While Miners Deal With Low BTC Prices, Bitcoin’s Mining Difficulty Target Expected to Increase 3% Higher
While Miners Deal With Low BTC Prices, Bitcoin"s Mining Difficulty Target Expected to Increase 3% Higher Bitcoin’s mining difficulty target is expected to increase on Dec. 1
Bitcoin halving will lead to more sustainable BTC mining: Report
Zoltan Vardai13 hours agoBitcoin halving will lead to more sustainable BTC mining: ReportThe block reward halving’s impact on mining profitability could prompt Bitcoin miners to look for more sustainable energy sources
Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next
Este artículo también está disponible en español. For the first time in over three years, Ethereum (ETH) has reached the significant price milestone of $4,100. This level
Canadian Restaurant Chain Tahini’s Converts All Cash Reserves Into Bitcoin
Canadian Restaurant Chain Tahini"s Converts All Cash Reserves Into BitcoinCanada-based Middle Eastern restaurant chain Tahini’s has converted all of its cash reserves into bit
Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support
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
Deutsche Bank Predicts Major US Recession Next Year
Deutsche Bank Predicts Major US Recession Next Year Deutsche Bank’s economists have warned that the U.S. will suffer a major recession next year. However, several other majo
Turner Wright4 hours agoBlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: Court filingCrypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when
CoinDesk’s On Tap Meetup With CoinDesk Japan Is Happening Tonight In Tokyo
We’ll see you tonight at our Tokyo On-Tap event produced in cooperation with the amazing team at CoinDesk Japan. The event will be held at DevilCraft Hamamatsucho (〒105-0013 Tokyo, Minato City, Hamamatsuc
Google Profits off Impersonations of Banned Cryptocurrency Celebs and Companies
Google Profits off Impersonations of Banned Cryptocurrency Celebs and CompaniesCryptocurrency companies are banned on Google but the platform is allowing phishing sites to impersona
MContent Collaborates With PwC for a First of Its Kind Cineverse Experience
MContent Collaborates With PwC for a First of Its Kind Cineverse Experience press release PRESS RELEASE. DUBAI, UAE:MContent has announced the arrival of the Cineverse to the world
Hong Kong digital yuan pilot lacks P2P capabilities
Zoltan Vardai13 hours agoHong Kong digital yuan pilot lacks P2P capabilitiesWhile Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactio