Ethereum

altFINS

Time

<p>Technical analysis expert, Mags (@thescalpingpro), has <a href="https://twitter.com/thescalpingpro/status/1704467367370392028?t=a8w0YfAG2kgz2Rs1d2imog&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">unveiled</a> insights into Ethereum’s current market trends, comparing them to its historical performance. He explores Ethereum’s resilience, market dynamics, and recovery patterns, providing a nuanced perspective for investors and traders interested in Ethereum.</p> 
<h4 class="wp-block-heading"><strong>Ethereum’s Past Patterns</strong></h4> 
<p>In his latest analysis, Mags points out that Ethereum is showing a pattern similar to its 2019 behavior, staying above a key trendline support and slowly increasing in value. Back in 2019, Ethereum saw a big increase after it hit the trendline. However, this was interrupted by an unexpected “Black Swan” event, causing a quick drop in price and pushing ETH just below the trendline.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="591" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-1024x591.png" alt="" class="wp-image-340192" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-1024x591.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-300x173.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-768x443.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-1536x886.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-2048x1182.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-260x150.png 260w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-100x58.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-606x350.png 606w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427-788x454.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-427.png 1362w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>Mags asks an important question about the chance of another unexpected event happening soon. These events are hard to predict, and while they seem unlikely right now, we can’t completely rule out the possibility. He highlights Ethereum’s strong ability to recover quickly after a crash, eventually getting back to a bullish phase.</p> 
<h4 class="wp-block-heading"><strong>Market Volatility and Resilience</strong></h4> 
<p>This analysis acts as a reminder of the unpredictable and volatile nature of the cryptocurrency markets. While past patterns can give us valuable insights, they don’t guarantee what will happen in the future. So, investors and traders are advised to be careful, do thorough research, and think about different market scenarios.</p> 
<p>Mags’ insights stress the importance of keeping up with market trends and being ready for possible market changes. His observations are very helpful for anyone wanting to understand the complex dynamics of the cryptocurrency market and make informed investment decisions. Keep an eye on @thescalpingpro for more detailed analyses and insights into trading and cryptocurrencies.</p> 
<h4 class="wp-block-heading"><strong>Current Market Conditions</strong></h4> 
<p>Ethereum has gone through notable market changes, marked by a bearish breakout from a Rising Wedge pattern. This key development has seen ETH fall below the important $1,800 level and the 200-day Moving Average, effectively ending the existing uptrend.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-1024x573.png" alt="" class="wp-image-340200" srcset="https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-767x429.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-2048x1146.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/09/image-428-788x441.png 788w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>As Ethereum approached the $1,550 support, it found itself in an oversold area, with an RSI below 30, before bouncing back above the important $1,600 level. The immediate momentum is leaning bullish, supported by the MACD Signal crossover, hinting at a possible meeting with the $1,800 resistance area soon.</p> 
<h4 class="wp-block-heading"><strong>Divergent Trends and Market Complexity</strong></h4> 
<p>However, a closer look shows a consistent downtrend across all time frames—short, medium, and long-term. The momentum is a mix of trends, with the MACD Line above the MACD Signal Line, showing bullish tendencies, while an RSI below 45 shows a bearish outlook. The shrinking MACD Histogram bars support the idea of weakening momentum, adding another layer of complexity to the current market conditions.</p> 
<p>The market has clear support and resistance zones. The immediate support is at $1,625, followed by $1,500. On the other hand, Ethereum faces resistance at $1,800, a former support level, with the next resistance at $2,000 and $2,140.</p> 
<h4 class="wp-block-heading"><strong>Strategic Vigilance and Market Navigation</strong></h4> 
<p>Given the complex mix of market indicators and trends, being alert and having strategic insight are key. Investors and cryptocurrency fans are advised to set price alerts and stay aware amidst the changing bullish and bearish forces currently shaping the Ethereum landscape. The combination of different indicators and market movements provides a clearer viewpoint, allowing savvy participants to navigate the volatile world of cryptocurrency with informed precision.</p> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"> <strong>74% of retail CFD accounts lose money.</strong> 
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc"> <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. 
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc. 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/the-last-time-this-happened-ethereum-price-pumped/">The Last Time This Happened, Ethereum Price Pumped</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

The Last Time This Happened, Ethereum Price Pumped

目次

CaptainAltcoin

2023年9月21日公開の他の記事

Students Turn to Cryptocurrency Trading to Boost Finances in Volatile Economy

Galaxy Digital Partners with Ripple for European Expansion

Korbit Joins Hands with Shinhan Card and Good Neighbors for NFT Campaign

How Much Will Shiba Inu be Worth in 5 Years?

ZIM Stock Price Has Potential To Gain 30%, Suggests Analysts

Court rejects testimony from seven expert witnesses put forward by Sam Bankman-Fried

ニュースレターを購読して暗号資産の最新情報を毎日入手！