• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Ethereum

Ethereum hits $2700 – Will Peter Brandt’s bullish projection play out now?

n70products by n70products
October 21, 2024
in Ethereum
0
Ethereum hits 00 – Will Peter Brandt’s bullish projection play out now?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


  • ETH has crossed $2700 and will set off a bullish reversal. 
  • Ought to ETH eye $4K, the present worth might provide an excellent purchase alternative. 

Ethereum [ETH] logged 11% positive aspects final week, crossing $2700, an important stage famend analyst Peter Brandt had projected might set off a bullish reversal. 

Brandt maintained the outlook as ETH crossed the neckline resistance ($2700) of a bullish inverse head-shoulder sample. 

“$ETH closing worth chart inverted H&S sample. I’m flat in ETH.” 

EthereumEthereum

Supply: TradingView

Will the ETH uptrend lengthen?

One other market analyst, Crypto McKenna, shared an analogous ETH bullish ETH projection.

He cited that reclaiming $2850 (Q2/Q3 assist) might set the altcoin in direction of $3600, particularly if Trump wins the upcoming elections. 

“Right here $ETH actually does appeared bottomed and primed for a transfer larger. A reclaim of $2850 and that is the sign for me to be risk-on.” 

EthereumEthereum

Supply: X

The above outlook was additionally supported by rising whale curiosity for the previous few weeks.

Based on Hyblock’s Whale vs. Retail Delta, the metric turned inexperienced and hit ranges final seen in the course of the July approval of US spot ETFs. 

This meant that whales added extra lengthy positions than retail on the Futures’ perpetual market. This underscored good cash’s urge for food and upside expectation for ETH. 

EthereumEthereum

Supply: Hyblock

Moreover, the current uptrend was sturdy, as indicated by the Common Course Index (ADX) studying of fifty.

If the uptrend prolonged, it might push ETH ahead, particularly amid a surge in current change netflow. 

The good cash bullish sentiment on ETH was additional supported by the Binance Prime Dealer Lengthy/Quick ratio. At press time, the metric’s studying confirmed almost 73% of positions had been lengthy on ETH. 


Learn Ethereum [ETH] Price Prediction 2024-2025


This meant that high merchants on the change anticipated ETH’s rally to proceed, echoing Mckenna and Brandt’s bullish outlook. 

EthereumEthereum

Supply: Coinglass

At press time, ETH was valued at $2,723, about 48% away from this cycle excessive of $4K. That meant that ETH’s present worth provided an excellent risk-reward ratio and an uneven alternative if the uptrend eyes the March excessive of $4K. 

Subsequent: Solana: THESE factors point to $165 correction – Will $187 happen after?



Source link

Tags: BrandtsBullishEthereumhitsPeterPlayprojection
Previous Post

Legendary Crypto Trader Triggers Correction for Trump-Themed Memecoin After Big Rallies: Lookonchain

Next Post

Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

Next Post
Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

Machine Learning Algorithm Predicts XRP Price Direction For This Week, What To Expect

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Time To Buy Ethereum (ETH)? Here’s What This Analyst Thinks

Time To Buy Ethereum (ETH)? Here’s What This Analyst Thinks

March 24, 2025
Bitcoin ETF outflows rise: Could ETH ETFs be the next safe bet?

Bitcoin ETF outflows rise: Could ETH ETFs be the next safe bet?

September 3, 2024
Coinbase Adds AI Altcoin and DeFi Token to Listing Roadmap, Triggering Price Jumps

Coinbase Adds AI Altcoin and DeFi Token to Listing Roadmap, Triggering Price Jumps

March 12, 2025

Recents

ETF Expert Says Ripple Closing This Chapter Clears The Way For XRP ETF, BlackRock To Join The Race?

ETF Expert Says Ripple Closing This Chapter Clears The Way For XRP ETF, BlackRock To Join The Race?

June 30, 2025
South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

South Korea lifts 14-year ban on ‘kimchi bonds’ after dollar-backed stablecoins frenzy

June 30, 2025
Bitcoin Consolidating Below 8,000 But Eyes Set On 5,000 Target

Bitcoin Consolidating Below $108,000 But Eyes Set On $115,000 Target

June 30, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version