{"id":734,"date":"2024-04-29T20:00:06","date_gmt":"2024-04-29T20:00:06","guid":{"rendered":"https:\/\/cryptd.in\/ethereum-flashes-bullish-signals-can-it-rally-50-from-here\/"},"modified":"2024-04-29T20:00:06","modified_gmt":"2024-04-29T20:00:06","slug":"ethereum-flashes-bullish-signals-can-it-rally-50-from-here","status":"publish","type":"post","link":"https:\/\/cryptd.in\/pt\/ethereum-flashes-bullish-signals-can-it-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, Ethereum (ETH)<\/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 trend reversal<\/a> for the crypto token, which has several bullish signals on its chart.\u00a0<\/p>\n

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

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

NewsBTC recently reported<\/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 reported<\/a> about another whale, who, despite losing $4.5 million worth of longing ETH, opened another long worth over $17 million.\u00a0<\/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 Relative Strength Index (RSI)<\/a> also shows an associated breakout from a symmetrical triangle<\/a>.\u00a0<\/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 other altcoins<\/a> will moon once Ethereum begins its parabolic move to the upside.\u00a0<\/p>\n

Derek also predicted this, stating that the \u201crise of Ethereum will drive the explosive rise of altcoins that have been oppressed.\u201d While sharing<\/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<\/p>\n

Before now, Crypto expert Micha\u00ebl van de Poppe predicted<\/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<\/p>\n

At the time of writing, Ethereum is trading at around $3,170, down over 1% in the last 24 hours, according to dados<\/a> from CoinMarketCap.\u00a0<\/p>","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 […]<\/p>\n","protected":false},"author":0,"featured_media":735,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nEthereum Flashes Bullish Signals, Can It Rally 50% From Here? - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/pt\/ethereum-flashes-bullish-signals-can-it-rally-50-from-here\/\" \/>\n<meta property=\"og:locale\" content=\"pt_PT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Flashes Bullish Signals, Can It Rally 50% From Here? - cryptd.in\" \/>\n<meta property=\"og: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. 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