• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Ethereum Reaches Critical Level as Analysts Eye Move Past $1,000

by
January 3, 2021
in Uncategorized
0
Ethereum Reaches Critical Level as Analysts Eye Move Past $1,000
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
  • Ethereum has seen some massive momentum as of late that has allowed its price to rocket up towards $1,000
  • The crypto is finally gaining some ground against Bitcoin after a prolonged period of underperformance
  • Where ETH and other crypto assets trend next will undoubtedly depend largely, if not entirely, on BTC, as its ongoing consolidation above $30,000 is creating tailwinds for altcoins
  • One trader is noting that ETH is now battling for control of a crucial level that has some serious historical significance
  • He notes that a break above this level could end up being easy due to the immensely bullish nature of the market

Ethereum has been caught within a wildly bullish tailwind as of late, with buyers sending its price rocketing up towards $1,000 this morning.

This marked an end to a trend of severe underperformance against Bitcoin that has plagued the cryptocurrency for quite some time.

Related articles

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

January 21, 2021
TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

January 21, 2021

One trader is now noting that where the crypto trends next will undoubtedly depend at least partially on whether or not Bitcoin will continue rocketing higher or if it will pause and give altcoins a chance to gain some ground against it.

Ethereum Rockets as Bulls Take the Wheel

Ethereum has been surprisingly losing ground against Bitcoin throughout the past few weeks, with buyers unable to absorb a lot of the selling pressure it faces as investors rushed into BTC.

This trend shifted overnight, with ETH rallying from the $700 region to highs of nearly $1,000 before facing some immense selling pressure that sent it down to $900.

It has since rebounded off of these lows and is now on its way back up to the resistance it has in the upper-$900 region.

Analyst: ETH Reaches a “Key Level” as Uptrend Continues 

One analyst recently pointed to $955 as a crucial historical level that the cryptocurrency needs to break above to see further upside.

The crypto is now trading exactly at this level, confirming that it is, in fact, a key resistance that needs to be broken above.

“ETH: Key level IMO. Who am I kidding though, probably just gets blown through because BTC showed us none of those old levels mean [anything] anyways.”

Ethereum

Image Courtesy of Chase_NL. Source: ETHUSD on TradingView.

Whether or not this level can be broken cleanly above and flipped to support should provide investors with some serious insights into where the market will trend next.

Featured image from Unsplash.
Charts from TradingView.
Share76Tweet47

Related Posts

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

by
January 21, 2021
0

According to a recent report, the cryptocurrency custodian Xapo is getting ready to become a “fully-fledged” bank in the British...

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

by
January 21, 2021
0

Ethereum corrected lower and tested the $1,250 support zone against the US Dollar. ETH price is consolidating above $1,280 and...

Former Ripple advisor set to become Comptroller of the Currency: WSJ

Former Ripple advisor set to become Comptroller of the Currency: WSJ

by
January 21, 2021
0

President Joe Biden looks set to appoint another former crypto executive to head up the Office of the Comptroller of...

83% of cryptocurrencies that peaked in 2018 are still down by 90%

83% of cryptocurrencies that peaked in 2018 are still down by 90%

by
January 21, 2021
0

Data compiled by Messari indicates that the 157 crypto assets that posted record highs in 2018 are still bumbling along...

Eth2 notches up 66K validators as devs reveal progress for 2021

Eth2 notches up 66K validators as devs reveal progress for 2021

by
January 21, 2021
0

Analysis of recent deposits to the Eth2 contract address reveals the number of individual validators is on the rise. Seven...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020

Services Could Help Investors Rate Crypto Currencies

December 6, 2020

3 Factors That Made Bitcoin Become so Valuable Last Year

December 6, 2020
Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

Reports Show Crypto Custodian Xapo Set to be a Digital Bank in Gibraltar

January 21, 2021
TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

TA: Ethereum Steadies Above $1,280, Why ETH Could Restart Its Rally

January 21, 2021
Former Ripple advisor set to become Comptroller of the Currency: WSJ

Former Ripple advisor set to become Comptroller of the Currency: WSJ

January 21, 2021
83% of cryptocurrencies that peaked in 2018 are still down by 90%

83% of cryptocurrencies that peaked in 2018 are still down by 90%

January 21, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Pantera Capital
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.