cryptd.in

Kripto Dostu Yetenekler için Alternatif LinkedIn

Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence

-

tarafından

cryptd.in
içinde

The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.

Ethereum, which traded as high as $2,840 earlier on Friday, February 21, dropped towards $2,600 on the back of news of the ByBit hack. Interestingly, recent on-chain data suggests that the altcoin’s price could still make its way to $4,000 before the end of this cycle.

Could ETH Price Still Record A 60% Rally This Cycle?

In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon identified a particular bullish divergence that offers insight into the Ethereum price performance in the near future. This bullish observation is based on recent movements of ETH’s “taker buy/sell ratio” across all exchanges.

This metric measures the taker buy and taker sell volumes for a specific cryptocurrency (Ethereum, in this case). When the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume. This is typically considered a bullish signal, indicating the willingness of investors to pay a higher price for an asset.

On the contrary, a less-than-one taker buy/sell ratio indicates that sellers are overwhelming the buyers in the market. This scenario suggests that more sellers are willing to offload their assets at a lower price, signaling a bearish shift in investor sentiment.

Ethereum price

Crypto Sunmoon noted that the 100-day exponential moving average (EMA) of the Ethereum taker buy/sell ratio on all exchanges has been rising in recent weeks. The Ethereum price, on the other hand, has been declining since mid-December.

According to the analyst, this divergence is positive, as it indicates that a bearish trend has ended and an upward trend could be starting. The last time this bullish divergence occurred, the Ethereum price traveled from beneath $2,500 to above $4,000 (over 60% rally).

While investors would view a reclaim of $3,000 as a victory for Ethereum, history and this bullish divergence suggest that the altcoin’s price could still climb toward the $4,000 mark before the end of the current cycle.

Ethereum Price At A Glance

As of this writing, the price of Ethereum stands around $2,650, reflecting a nearly 4% decline in the past 24 hours.

Ethereum Price

Yorumlar

Bir yanıt yazın

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

Son Yayınlar

Popüler Kategoriler

tr_TR Türkçe
tr_TR Türkçe en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Web sitesinde arama yapın

Popüler Hikayeler

Etiketler

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (458) #BitcoinETF (3) #BitcoinFundamentals (1) #Bitcoinİşleme (1) #BitcoinFiyatı (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokenler (1) #BTCedinme (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPİnceleme (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #TürevSıçrama (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinHacim (1) 1TP5DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (74) #EthereumPain (1) #EthereumFiyatı (1) #ExpertGörüş (1) #FedRateCut (1) #FiatCurrency (1) #Finansal Etki (1) #FinansalGizlilik (1) #FirmShutdown (1) #FrozenHesaplar (1) 1TP5AçıkFonlar (1) #InflationData (1) 1TP5Yatırım (1) 1TP5YatırımKaybı (1) #JaponFirması (1) 1TP5YasalEylem (1) 1TP5YasalEtki (1) 1TP5Mevzuat (1) #LightningNetwork (1) #PiyasaAnalizi (3) #MarketMonitoring (1) #MarketTahmini (1) #PiyasaTahminleri (1) #MarketProjeksiyonu (1) #MarketDesteği (1) #MarketVolatilitesi (1) #Marriage (1) #MemeCoin (5) #MemeCoins (2) #MinerKarlılık (1) 1TP5Kara Para Aklama (2) #MtGox (4) #KuzeyKoreKripto (1) #NovogratzTahmin (1) 1TP5FiyatKilometre Taşı (1) #P Fiyat Tahmini (2) 1TP5FiyatSoru (1) #PriceSurge (1) #PapishaneCümle (1) #QuantAnaliz (1) 1TP5Düzenleyici Baskı (1) #SECAntiCrypto (1) #ShibaInu (6) #SocialBuzz (1) #TeknikAnaliz (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotansiyel (1) #USCongress (1) #WyomingLand (1) #XRPFiyat (1) #XRPupswing (1)

Faydalı Bağlantılar

Faydalı bulduğum ve paylaşmak istediğim bağlantılar.