Ethereum

Cardano

Solana

Terra Classic

Polygon

<div class="coingape"> 
 <p>Following the&nbsp;Ripple ruling in early July, investors focused less on&nbsp;Bitcoin (BTC)&nbsp;and&nbsp;Ethereum, favoring other leading altcoins like XRP, Cardano (ADA), Polygon (MATIC), Solana (SOL), and most recently Dogecoin (DOGE).</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>The biggest task among Ethereum is holding the price above $1,800 – a move likely to prevent possible declines to $1,700 and $1,600.</p> 
 <p>If a recovery ensues from the current market value, the token powering the largest smart contracts token might trigger a surge in investor interest, who are still waiting on the sideline for an uptrend confirmation above $2,000.</p> 
 <h2 id="here-s-what-it-will-take-ethereum-to-rally">Here’s What It Will Take Ethereum to Rally?</h2> 
 <p><a rel="noopener noreferrer nofollow" title="Ethereum price" href="https://thebittimes.com/tag/ethereum-price.html">Ethereum price</a>&nbsp;is in the middle of nurturing a potentially massive breakout that could propel it not only above $2,000 but allow bulls to close the gap to $2,400 for the first time since May 2022.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/28/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/28/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/28/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/28/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/26/b31cabf387544aafba212df61a9a40a5.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/26/b31cabf387544aafba212df61a9a40a5.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/28/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/28/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/27/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <p>The daily chart shows the formation of an inverse head-and-shoulders (H&amp;S) pattern, promising a 19% bullish move to $2,385.</p> 
 <p>The inverse H&amp;S pattern shows a downtrend ending and an uptrend starting. It has three lows: the middle one is the lowest (head) and the outer ones are higher (shoulders).</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>This pattern is validated when the price breaks above a line joining the highs of the shoulders (neckline), located around $2,000 for <a rel="noopener noreferrer nofollow" title="Ethereum price" href="https://thebittimes.com/tag/ethereum-price.html">Ethereum price</a>.</p> 
 <p>Traders are always advised to buy when this happens or wait for a pullback to the neckline to be certain that the breakout is sustainable and not a bull trap. Note that the price target is the distance from the head to the neckline (19%) added to the breakout point.</p> 
 <p>Other indicators must be consulted when trading the H&amp;S, especially the Money Flow Index (MFI), which monitors the inflow and outflow of funds in&nbsp;Ethereum markets. That said, the MFI as presented on the daily chart, has a bullish outlook, which implies that a breakout is in the offing.</p> 
 <figure id="attachment_155437" aria-describedby="caption-attachment-155437" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155437" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201143%20609'%3E%3C/svg%3E" alt="Ethereum Price Rally Awaits This Bullish Pattern Confirmation " width="1143" height="609" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/28/46f2a419a0670e5f923024ec17eb4d99.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155437" src="https://cdn.thebittimes.com/images/2023/07/28/46f2a419a0670e5f923024ec17eb4d99.webp" alt="Ethereum Price Rally Awaits This Bullish Pattern Confirmation " width="1143" height="609"> 
  </noscript> 
  <figcaption id="caption-attachment-155437" class="wp-caption-text">
    ETH/USD daily chart | Tradingview 
  </figcaption> 
 </figure> 
 <h2 id="evaluating-the-bullish-case-in-ethereum-price">Evaluating the Bullish Case in Ethereum Price</h2> 
 <p>Adding credence to the bullish outlook on the daily chart is the Moving Average Convergence Divergence (MACD) indicator – likely to send a buy signal over the weekend.</p> 
 <p>Traders seeking fresh exposure to ETH long positions should be on the lookout for bullish crosses in the momentum indicator, marked by the MACD line in blue crossing below the signal line in red.</p> 
 <p>To be on the safe side,&nbsp;<a rel="noopener noreferrer nofollow" title="Ethereum price" href="https://thebittimes.com/tag/ethereum-price.html">Ethereum price</a> must break and hold above the immediate hurdle, as highlighted by the 50-day Moving Average (EMA) at $1,870. Profit booking can start at $2,000 but extremely bullish traders may want to hold on for the H&amp;S pattern breakout to $2,385.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Binance Calls Out Regulatory Overreach by CFTC, Asks Court to Dismiss Lawsuit</li> 
  <li>FTX And Genesis Settle Disputes In Bankruptcy Cases, Good News for Gemini?</li> 
  <li>Expert Predicts 400% Jump For Terra Classic (LUNC) Price; Here’s Timeframe</li> 
 </ul> 
</div>

Ethereum Price Rally Awaits This Bullish Pattern Confirmation

قائمة المحتويات

TheBitTimes

المزيد من المقالات نُشرت في ١ أغسطس ٢٠٢٣

Binance CEO CZ unveils plans for algorithmic stablecoin development

SEC did not ask Coinbase ‘at any point’ to delist assets, the exchange admits

US Senate Passes NDAA with Implications for Cryptocurrency Industry

Binance (BNB) Price Prediction – Tradecurve To Surpass PancakeSwap (CAKE) In 2023

Binance re-enters Japan with 34 tokens listed

CRV-linked futures experience explosive growth as the Curve Token recovers from recent attack

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.