Close Menu
Cryprovideos
    What's Hot

    JPMorgan Chase Says US Markets Climbing 'Wall of Worry' To New All-Time Highs – With Key Sector Getting Second Wind – The Daily Hodl

    June 7, 2025

    Your climate app can’t prevent — however a brand new system may

    June 7, 2025

    Gala Video games Introduces Phased Method to Founder Node Staking

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Altcoins»Ethereum To Pull A BTC 2021-Like Rally? Analyst Weighs In
    Ethereum To Pull A BTC 2021-Like Rally? Analyst Weighs In
    Altcoins

    Ethereum To Pull A BTC 2021-Like Rally? Analyst Weighs In

    By Crypto EditorDecember 6, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Este artículo también está disponible en español.

    As Bitcoin lastly soars above the long-awaited $100,000 milestone, Ethereum (ETH) makes an attempt to interrupt out from a key resistance zone. The second-largest crypto rally has fueled optimism about its targets, with some suggesting that it may mimic BTC’s 2020-2021 rally.

    Associated Studying

    Ethereum Reclaims $3,900

    Ethereum, the second-largest cryptocurrency by market capitalization, has recorded a ten% surge previously week, transferring from the $3,500 mark to the $3,900 resistance. On Wednesday, the King of Altcoins surpassed the $3,800 stage for the primary time in six months and continued climbing to retest the $3,900 resistance, not seen since early March.

    Within the early hours of Thursday, ETH turned this key zone into assist, briefly dipping to $3,860 earlier than leaping again to the just lately reclaimed stage. Because the cryptocurrency nears its yearly excessive of $4,093, sentiment across the token’s short-term efficiency has turned extraordinarily bullish.

    Ethereum is retesting a large multi-year resistance zone, which may ship ETH to a brand new ATH. Based on analyst Alex Clay, the cryptocurrency makes an attempt to interrupt “by way of the Key Resistance Zone on the weekly timeframe.”

    ETH has rested the important thing zone 5 instances since 2021, going through rejection from the higher resistance at $3,950 on 4 events earlier than. Nevertheless, Ethereum broke previous this stage in late 2021, when it hit its all-time excessive (ATH) and held above it for practically three months.

    The analyst famous that if the King of Altcoins efficiently breaks above this stage and turns it into assist, will probably be the following “to interrupt by way of” and smash its ATH. Clay added that he sees “no main pullback within the close to time.”

    Equally, crypto analyst Jelle said that if Ethereum breaks above the March excessive, “all bets are off,” suggesting that the probabilities of ETH taking an extended consolidation interval earlier than a brand new ATH like BTC did had been “very low.”

    ETH To Rally Towards $10,000?

    Jelle additionally famous that Ethereum’s present setup mimicked Bitcoin’s in July 2020. Per the chart, Bitcoin broke by way of a multi-year downtrend line by mid-2020, adopted by a large 500% 10-month rally towards the $60,000 mark in April 2021.

    Ethereum To Pull A BTC 2021-Like Rally? Analyst Weighs In
    ETH’s setup resembles Bitcoin’s 2020-2021 chart. Supply: Crypto Jelle on X

    The analyst famous that ETH breached the multi-year trendline right this moment, like BTC in 2020, which may set off an analogous rally towards new highs within the subsequent few months. He added that traders are “in for a deal with if this performs out something related.”

    In one other publish, he highlighted that Ethereum began rallying when Bitcoin broke its ATH and entered value discovery when BTC traded practically 100% above its earlier cycle excessive.

    Associated Studying

    He considers that it might be shocking to “see issues play out equally this time round. BTC & ETH climbing in tandem, resulting in ETH coming into value discovery someplace round ±$130,000.”

    Primarily based on this, the analyst believes {that a} 150-200% rally towards the $10,000-$12,000 value vary for the cryptocurrency is feasible for this cycle. As of this writing, ETH is buying and selling at $3,905, a 2.4% improve within the every day timeframe.

    Ethereum, ETH, ETHUSDT
    Ethereum’s efficiency within the weekly chart. Supply: ETHUSDT on TradingView

    Featured Picture from Unsplash.com, Chart from TradingView.com



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Solana Promote Off Hits 2-Month Excessive – How Will SOL Worth React?

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025
    Latest Posts

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    Bitcoin MVRV Ratio Kinds Bear Cross—Brace For Affect?

    June 7, 2025

    Public Keys: Gemini Twinning Circle, Technique's 'Most popular' Bitcoin Play – Decrypt

    June 7, 2025

    Bitcoin ATM Operator CoinFlip Targets $1B Sale as Market Shifts

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Gold Maxi Modified His Thoughts About Crypto After Creating $420 Million Solana Meme Coin – Decrypt

    January 26, 2025

    6,663 Ethereum (ETH) Stun Coinbase as Promote-off Continues

    December 26, 2024

    Finest Crypto Alerts 2025? This Telegram Group Made 100,000% Revenue Final 12 months

    December 31, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.