{"id":605573,"date":"2024-04-29T20:00:06","date_gmt":"2024-04-29T20:00:06","guid":{"rendered":"https:\/\/ktsl888.com\/?p=605573"},"modified":"2024-04-29T13:30:00","modified_gmt":"2024-04-29T13:30:00","slug":"ethereum-rally-50-from-here","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-rally-50-from-here\/","title":{"rendered":"Ethereum Flashes Bullish Signals, Can It Rally 50% From Here?"},"content":{"rendered":"

The second-largest crypto token by market cap, <\/span>Ethereum (ETH)<\/span><\/a>, finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a <\/span>trend reversal<\/span><\/a> for the crypto token, which has several bullish signals on its chart.\u00a0<\/span><\/p>\n

Ethereum Has A Bullish Chart<\/h2>\n

Crypto analyst Derek revealed in an X (formerly Twitter) <\/span>post<\/span><\/a> that the signals on Ethereum\u2019s <\/span>Moving Average Convergence\/Divergence (MACD)<\/span><\/a> indicator \u201cseem to have ended the decline and changed upward direction.\u201d He also highlighted the <\/span>Ethereum Dominance chart<\/span><\/a>, which has confirmed three bottoms and gave a strong rebound.\u00a0<\/span><\/p>\n

Related Reading: Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing<\/a><\/div>\n

The analyst explained that \u201cleading a rebound after confirming the bottom three times means that further decline is unnecessary, and there is a high possibility that there is no intention to do so.\u201d Interestingly, the analyst drew attention to the fact that Ethereum has experienced this price rebound without volume.\u00a0<\/span><\/p>\n

\"Ethereum\"\"Ethereum<\/p>\n

Source: X<\/pre>\n
This phenomenon occurs when individual investors are more active than institutional ones who are more cautious during this period. This instantly brings recent buys by Ethereum whales like Justin Sun into the picture, as they have contributed significantly to Ethereum\u2019s recent resurgence.\u00a0<\/span><\/p>\n
NewsBTC <\/span>recently reported<\/span><\/a> that a wallet believed to belong to the TRON founder recently bought $405 million worth of Ethereum. This wallet and another suspected to belong to Sun have accumulated $891 million worth of ETH since February 12. Meanwhile, NewsBTC also <\/span>reported<\/span><\/a> about another whale, who, despite losing $4.5 million worth of longing ETH, opened another long worth over $17 million.\u00a0<\/span><\/p>\n
Other Bullish Signals For ETH<\/h2>\n
Crypto analyst Trader Tardigrade recently revealed that Ethereum experienced a decent breakout to a descending trendline on the daily chart of its Bitcoin pair. He added that Ethereum\u2019s <\/span>Relative Strength Index (RSI)<\/span><\/a> also shows an associated breakout from a <\/span>symmetrical triangle<\/span><\/a>.\u00a0<\/span><\/p>\n
The crypto analyst claimed that the value of the RSI is also now above 50, which is considered bullish for a crypto token. Based on these signals, Trader Tardigrade stated it is \u201ctime for Ethereum.\u201d He also suggested that <\/span>other altcoins<\/span><\/a> will moon once Ethereum begins its parabolic move to the upside.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Daily Transactions Just Hit A New ATH \u2013 What\u2019s Driving It?<\/a><\/div>\n
Derek also predicted this, stating that the \u201crise of Ethereum will drive the explosive rise of altcoins that have been oppressed.\u201d While <\/span>sharing<\/span><\/a> his bullish sentiment towards Ethereum, crypto analyst Crypto Prof echoed a similar sentiment, remarking that altcoins will \u201crun even more\u201d as Ethereum trades significantly higher in the coming months.\u00a0<\/span><\/p>\n
Before now, Crypto expert Micha\u00ebl van de Poppe <\/span>predicted<\/span><\/a> that the narrative would shift toward Ethereum post-halving and that the crypto token and other altcoins would bounce in their Bitcoin pair once the hype around the halving was over.\u00a0<\/span><\/p>\n
At the time of writing, Ethereum is trading at around $3,170, down over 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
\"Ethereum<\/p>\n
ETH price sitting above $3,100 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Featured image from AMBCrypto, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a trend reversal for the crypto token, which has several bullish signals on its chart.\u00a0 Ethereum Has A Bullish Chart Crypto analyst Derek revealed in an X (formerly Twitter) post that the signals on Ethereum\u2019s Moving Average Convergence\/Divergence (MACD) indicator \u201cseem to have ended the decline and changed upward direction.\u201d He also highlighted the Ethereum Dominance chart, which has confirmed three bottoms and gave a strong rebound.\u00a0 Related Reading: Expert Says Bitcoin Price Has Topped And Is In Exponential Decay, Why This Is Not A Bad Thing The analyst explained that \u201cleading a rebound after confirming the bottom three times means that further decline is unnecessary, and there is a high possibility that there is no intention to do so.\u201d Interestingly, the analyst drew attention to the fact that Ethereum has experienced this price rebound without volume.\u00a0 Source: X This phenomenon occurs when individual investors are more active than institutional ones who are more cautious during this period. This instantly brings recent buys by Ethereum whales like Justin Sun into the picture, as they have contributed significantly to Ethereum\u2019s recent resurgence.\u00a0 NewsBTC recently reported that a wallet believed to belong to the TRON founder recently bought $405 million worth of Ethereum. This wallet and another suspected to belong to Sun have accumulated $891 million worth of ETH since February 12. Meanwhile, NewsBTC also reported about another whale, who, despite losing $4.5 million worth of longing ETH, opened another long worth over $17 million.\u00a0 Other Bullish Signals For ETH Crypto analyst Trader Tardigrade recently revealed that Ethereum experienced a decent breakout to a descending trendline on the daily chart of its Bitcoin pair. He added that Ethereum\u2019s Relative Strength Index (RSI) also shows an associated breakout from a symmetrical triangle.\u00a0 The crypto analyst claimed that the value of the RSI is also now above 50, which is considered bullish for a crypto token. Based on these signals, Trader Tardigrade stated it is \u201ctime for Ethereum.\u201d He also suggested that other altcoins will moon once Ethereum begins its parabolic move to the upside.\u00a0 Related Reading: Bitcoin Daily Transactions Just Hit A New ATH \u2013 What\u2019s Driving It? Derek also predicted this, stating that the \u201crise of Ethereum will drive the explosive rise of altcoins that have been oppressed.\u201d While sharing his bullish sentiment towards Ethereum, crypto analyst Crypto Prof echoed a similar sentiment, remarking that altcoins will \u201crun even more\u201d as Ethereum trades significantly higher in the coming months.\u00a0 Before now, Crypto expert Micha\u00ebl van de Poppe predicted that the narrative would shift toward Ethereum post-halving and that the crypto token and other altcoins would bounce in their Bitcoin pair once the hype around the halving was over.\u00a0 At the time of writing, Ethereum is trading at around $3,170, down over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 ETH price sitting above $3,100 | Source: ETHUSD on Tradingview.com Featured image from AMBCrypto, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":605630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89213,16163,1946,7931,6931,8686,78803],"class_list":["post-605573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-news","tag-ethereum-price","tag-ethusd","tag-ethusdt"],"acf":[],"yoast_head":"\nEthereum Flashes Bullish Signals, Can It Rally 50% From Here?<\/title>\n<meta name=\"description\" content=\"The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Flashes Bullish Signals, Can It Rally 50% From Here?","url":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-rally-50-from-here\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/ethereum-rally-50-from-here\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ethereum-Small-1.jpeg?resize=200%2C192","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ethereum-Small-1.jpeg?fit=320%2C192"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth news","eth price","ethereum","ethereum news","ethereum price","ethusd","ethusdt"],"dateCreated":"2024-04-29T20:00:06Z","datePublished":"2024-04-29T20:00:06Z","dateModified":"2024-04-29T20:00:06Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Flashes Bullish Signals, Can It Rally 50% From Here?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-rally-50-from-here\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/ethereum-rally-50-from-here\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ethereum-Small-1.jpeg?resize=200%2C192\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Ethereum-Small-1.jpeg?fit=320%2C192\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum news\",\"ethereum price\",\"ethusd\",\"ethusdt\"],\"dateCreated\":\"2024-04-29T20:00:06Z\",\"datePublished\":\"2024-04-29T20:00:06Z\",\"dateModified\":\"2024-04-29T20:00:06Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Ethereum-Small-1.jpeg?fit=320%2C192","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/605573"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=605573"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/605573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/605630"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=605573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=605573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=605573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}