Ethereum Falls Below $2,500: Analysts Eye Potential Rebound At These Levels

Quick Summary:

There might be a case of a bullish divergence standing up, but then it should be rallying from later this week into next week.pic.twitter.com/liVwA7moSm — Michaël van de Poppe (@CryptoMichNL) August 28, 2024 Another crypto analyst, Javon Marks, shared a more optimistic outlook for Ethereum, drawing parallels with Bitcoin’s recent performance.

Market Liquidations Surge As Traders Bet On Rising Prices Meanwhile, the recent price drops in Ethereum and Bitcoin have significantly impacted traders, with many being caught off guard by the sudden downturn.

Marks noted: Bitcoin climbing even more for ETH’s ‘following’ fulfillment to $4811.6 could result BTC breaking above $67,559, which opens up $116,000+ and much, much more room to lead the crypto market into heightened bullish phases.Simplicity.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Ethereum ETH ETHUSDT Ethereum price prediction Ethereum and Bitcoin Bitcoin Ethereum Analysis Btc Ethereum Market Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 05:30:34 (3 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22294373

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