Ethereum

Show

Rekt

<p>Ethereum (ETH) appears primed for a major bullish breakout, with the price approaching key levels not seen since the last market cycle’s peak. According to analysis from crypto trader Rekt Capital, Ethereum looks ready to close its monthly candle above $3,000 for the first time since 2021.</p>
<h2 class="wp-block-heading" id="monthly-close-above-3-000-would-be-historically-bullish">Monthly Close Above $3,000 Would Be Historically Bullish</h2>
<p>Currently trading between $2,950 and $3,000, Ethereum’s chart remains in a decisive uptrend. As <a href="https://twitter.com/rektcapital/status/1760605786617639239?t=zKDzMW31R35nAxZWK_RYmQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Rekt Capital points out</a>, Ethereum has broken out of its macro trading range between $2,200 and $2,800. Now the price looks strong as it approaches the $3,200 level, which it has only closed around during historic bull runs.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="710" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-1024x710.png" alt="" class="wp-image-442228" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-1024x710.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-300x208.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-767x532.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-1536x1065.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-2048x1420.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-216x150.png 216w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-505x350.png 505w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828-788x546.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-828.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>“A monthly close above the $3,000 at the end of the month also represent new labels not seen since 2022,” explains Rekt Capital. He notes Ethereum has only ever monthly closed at these elevated levels during a bull market, which last occurred in 2021.</p>
<h2 class="wp-block-heading" id="analysts-see-continued-upside-for-ethereum">Analysts See Continued Upside for Ethereum</h2>
<p>Other analysts agree Ethereum’s technicals and on-chain activity point to further upside. <a href="https://twitter.com/CryptoJelleNL/status/1760583695625310245?t=6GjwQWMbaJE8otijJPXNOQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">CryptoJelle notes </a>that while Ethereum likely won’t make new all-time highs in one move, it remains a strong long-term hold for 2024.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="702" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-1024x702.png" alt="" class="wp-image-442220" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-1024x702.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-300x206.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-767x526.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-1536x1053.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-2048x1404.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-219x150.png 219w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-100x69.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-511x350.png 511w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827-788x540.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-827.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>“There we go, ETH is showing the market what it’s made of. This won’t go to new highs in one go, but ETH should be a good asset to hold for the rest of the year. Send it higher,” he tweeted.</p>
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
<p>In summary, Ethereum looks poised for continued bullish momentum as it approaches key resistance levels not seen since the last cycle’s peak. Breaking above $3,000 with a monthly close could confirm a historic bullish breakout. Analysts remain optimistic about Ethereum’s upside potential through the rest of 2024. The coming weeks will determine whether Ethereum can sustain this bullish momentum and make a run toward reclaiming its all-time highs.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/prom-token-hits-the-bulls-heres-why-this-nft-gaming-token-could-surge-even-more/" target="_blank" rel="noopener noreferrer nofollow">Prom Token Hits the Bulls: Here’s Why This NFT Gaming Token Could Surge Even More</a></li>
 <li><a href="https://captainaltcoin.com/fetch-ai-soars-amid-major-exchange-announcement-top-analyst-says-fet-is-trying-to-print-new-all-time-highs-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Fetch.ai Soars Amid Major Exchange Announcement; Top Analyst Says FET is ‘Trying to Print New ATHs’ – Here’s His Outlook</a></li>
 <li><a href="https://captainaltcoin.com/spacex-accepts-doge-for-payments-will-this-popular-memecoin-be-next/" target="_blank" rel="noopener noreferrer nofollow">SpaceX Accepts $DOGE for Payments — Will This Popular Memecoin Be Next?</a></li>
</ul>
<div><font color="#29261b" face="-apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Oxygen, Ubuntu, Cantarell, Fira Sans, Droid Sans, Helvetica Neue, sans-serif" size="3"><span style="white-space-collapse: collapse;"></span></font>
</div>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </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/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ethereum-eth-has-only-closed-above-this-price-in-a-bull-run-and-its-about-to-do-it-again/" rel="noopener noreferrer nofollow">Ethereum (ETH) Has Only Closed Above This Price in a Bull Run, and It’s About to Do It Again</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum (ETH) Has Only Closed Above This Price in a Bull Run, and It’s About to Do It Again

목차

CaptainAltcoin

2024년 2월 22일에 게재된 다른 기사

Spot Ethereum ETF: CBOE Files Franklin Templeton’s 19b-4

Ripple’s XRP: Analyzing the Impact of Token Supply and Sales on Market Dynamics

Bitcoin Holders Sell 200000 BTC So Far This Year

Bitcoin Ecosystem Welcomes Citrea’s Innovative Rollup Solution

Top Crypto Presales To Have On Your Watchlist – Memeinator, Doge Uprising and Scapes Mania

SOL, RNDR, FIL Could Dominate Decentralized AI Amid Intensified Nvidia Scrutiny: Vinny Lingham

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!