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Reason to Trust
Reason to Trust
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Article Translation
Analyst Hints Another Leg Up For Ethereum Is On The Horizon
In an X post, Titan of Crypto stated that Ethereum is not dead and hinted that another leg up was on the horizon for ETH. He reaffirmed that ETH is far from being dead from a technical perspective. The analyst then noted that the Ethereum price is still progressing within a broadening wedge.
Macro View Update On ETH
In an earlier analysis, Titan of Crypto also provided a macro view update on Ethereum. He noted that ETH had closed a monthly candle outside the 7-year rising wedge. The analyst added that a confirmed breakout requires the next monthly close to remain outside this wedge. In line with this, he outlined three possible scenarios for ETH.
The Biggest Hurdle For Ethereum
Crypto analyst Ali Martinez stated in an X post that the biggest hurdle for Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million ETH. The analyst asserted that breaking through this level will reignite ETH’s bullish momentum.
Conclusion
In conclusion, Titan of Crypto’s analysis highlights the potential for another leg up in Ethereum’s price, citing a bullish pattern and a possible breakout from the broadening wedge. Additionally, Ali Martinez’s analysis suggests that the biggest hurdle for Ethereum is at $2,460, and breaking through this level could reignite the cryptocurrency’s bullish momentum.
FAQs
- What is Titan of Crypto’s analysis on Ethereum’s price?
Titan of Crypto believes that Ethereum’s price is far from being dead and hinted at another leg up, citing a bullish pattern and a possible breakout from the broadening wedge. - What is the biggest hurdle for Ethereum, according to Ali Martinez?
According to Ali Martinez, the biggest hurdle for Ethereum is at $2,460, where 10.95 million investors acquired 64.52 million ETH. Breaking through this level could reignite ETH’s bullish momentum. - What is the current price of Ethereum?
As of the time of writing, the Ethereum price is trading at around $2,200, down over 4% in the last 24 hours, according to data from CoinMarketCap.
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