Ethereum

bullish

Bitcoin

when

Bitcoin has broken above a crucial resistance level, signaling a potential shift in the market and this breakthrough could be the <a href="https://coinpedia.org/price-analysis/bitcoin-breaks-above-66000-whats-stopping-xrp-price-to-rise-above-0-6/" target="_blank" rel="noreferrer noopener">start of a new bull market</a>, as it is now showing significant strength after 200 days of lower highs. Historically, strong performances in September and October have led to positive momentum in Q4, and the data suggests that the <a href="https://coinpedia.org/news/bitcoin-bull-run-alert-74000-and-new-all-time-highs-just-weeks-away/" target="_blank" rel="noreferrer noopener">next Bitcoin bull market</a> could begin in just a few days. But what about the second-largest crypto?   
<a href="https://www.youtube.com/watch?v=7Y4rQlR-EPo" target="_blank" rel="noreferrer noopener nofollow">According to analyst Josh of Crypto World,</a> Ethereum is also showing signs of a continued bullish trend, especially when looking at the 3-day time frame. The price is holding strong in the support zone between <a href="https://coinpedia.org/price-analysis/why-is-ethereum-falling-today-will-it-break-2700-this-week/" target="_blank" rel="noreferrer noopener">$2,150 and $2,200, with another layer</a> of support around $2,450 to $2,500. On the resistance side, there’s a crucial Fibonacci level at $2,800, which previously acted as support but is now resistance.   
<h2 class="wp-block-heading" id="h-is-the-bull-run-confirmed-for-ethereum">Is The Bull Run Confirmed For Ethereum?</h2>   
If Ethereum can break and close above $2,800 on the 3-day chart, it could signal a very bullish move. A breakout would create a strong price structure, and it could pave the way for a higher push. The analyst had noted this divergence when the price was below $2,300, predicting either a price rally or sideways movement.   
Looking at the Fibonacci retracement, the next key resistance is around $2,670, with the 50% retracement level just above $2,800. The short-term price has faced resistance at $2,660 to $2,670, but signs of a breakout are emerging. A confirmed daily candle close above $2,670 would likely lead to a continued upward push towards $2,800. Breaking this level could then see Ethereum moving towards $3,000.   
On the shorter time frame, the previous bearish divergence is no longer relevant, as the price has made higher highs and the RSI has broken out of a resistance line. Overall, <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum’s bullish trend</a> is holding strong, with the larger bullish divergence on the daily chart still in play.   [post_titles_links postid="356597"]

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