Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700

Quick Summary:

Similarly, van de Poppe suggested that Ethereum will break above the crucial horizontal level in the next two weeks, as it took the liquidity at the $2,450 level and "ran back up to resistance.” According to the analyst, this could propel ETH’s price to $3,000 in November.

Per the chart, ETH/BTC is retesting an HTF support at the 0.0377 level.The 0.023-0.040 zone was a crucial area between 2020 and 2021, with ETH’s all-time high rally starting after breaking above the upper line of this range.

Various crypto analysts have set the $2,800 resistance level as the next crucial zone if Ethereum successfully reclaims the $2,700 mark.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Crypto analyst Crypto trader Crypto market ETH ETF Ethbtc ETHUSDT Eth price Ether US Elections Ethereum ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 07:30:32 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23346557

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