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Ethereum Price Prediction: ETH Shatters $4,500, Targets All-Time High as Accumulation Increases

Ethereum’s price has broken above the $4,500 barrier, trading at around $4,650 as tight investor accumulation and decreasing selling pressure drive bullish sentiment. More than 1.7 million ETH has been accumulated in the $4,300–$4,400 range, solidifying this area as an important level of support. Exchange inflows have declined considerably, pointing towards investor confidence and decreased selling pressure. Whereas ETH currently looks to make a push towards its all-time high, experts sound warning that the $5,200 Realized Price Upper Band still represents a very important resistance point that will need to be overcome for additional upside. KEY LOOKOUTS • The $4,300–$4,400 zone serves as the main support supported by 1.7 million ETH buying. • ETH will now have to contend with major resistance at the $5,200 Realized Price Upper Band before making new highs. • Sinking exchange inflows indicate diminished selling pressure and increasing investor optimism. • Break above $4,500 and solid technical signals indicate the possibility of a rally to record highs. Ethereum has breached the $4,500 ceiling and is now trading at about $4,650, with solid accumulation and diminished selling pressure. Investors have piled in more than 1.7 million ETH in the $4,300–$4,400 zone, establishing a firm support level while exchange inflows reduce further, pointing to increasing conviction in additional upside. With strength mounting, ETH now targets a test of its all-time high, although resistance around the $5,200 Realized Price Upper Band is a key obstacle on the way higher to the next leg. Ethereum is trading around $4,650 after crossing the $4,500 resistance level due to strong accumulation and diminished exchange inflows. Though the bullish trend favors a move towards all-time highs, resistance at $5,200 is the point to look out for. • Ethereum price has gone past the $4,500 resistance and is trading at around $4,650. • Investors have bought more than 1.7 million ETH in the $4,300–$4,400 band, creating a robust support base. • Exchange inflows have decreased by over 60%, indicating decreased selling pressure. • Addresses of accumulation indicate increasing confidence, with less ETH being transferred to exchanges. • ETH is confronted with significant resistance at the $5,200 Realized Price Upper Band. • Technical indicators indicate solid bullish momentum, but short-term pullbacks are imminent. • ETH’s long-term prospects continue to be supported by institutional demand, staking growth, and smart contract adoption. Ethereum remains very popular with investors, with current buying accentuating optimism for the network’s long-term worth. More than 1.7 million ETH has been bought in the $4,300-$4,400 band, an indication that investors are strategically positioning themselves around critical levels. This consistent purchasing trend has also been complemented by decreasing exchange inflows, meaning that holders are transferring ETH out of exchanges and into private wallets or long-term holds, supporting the thesis of diminished selling pressure within the market. ETHEREUM DAILY CHART PRICE SOURCE: TradingView Outside of investor dynamics, Ethereum’s ecosystem is still among the strongest within the cryptocurrency community. Institutional involvement, corporate uptake, and the growing influence of staking have contributed to the strength and popularity of the network. Simultaneously, growing smart contract use is further driving Ethereum’s significance in decentralized finance (DeFi), NFTs, and other blockchain applications. Individually and collectively, these points highlight Ethereum as much a digital asset as a base technology fueling the future of digital progress. TECHNICAL ANALYSIS Ethereum’s technicals indicate strength following a breakout past the $4,500 level of resistance, with price currently at around $4,650. The breakout was in the form of a falling wedge pattern, generally considered a bullish reversal sign, which suggested room for further increases. The Relative Strength Index (RSI) remains above its middle line, affirming upbeat momentum, while the Stochastic Oscillator is in the overbought area, suggesting potential near-term pullbacks. On the negative side, the $4,300–$4,400 zone and the 50-day Simple Moving Average (SMA) are solid support points, while on the positive side, ETH needs to break above the $5,200 Realized Price Upper Band to establish a sustainable rally toward new all-time highs. FORECAST Ethereum’s breakout over $4,500 indicates firm bullish momentum, with the help of heavy accumulation and falling exchange inflows. If the buyers hold on, ETH may gain traction towards retesting its earlier all-time high at $4,956. A breakout above this level would pave the way for a run to $5,200 and beyond, as long as the Realized Price Upper Band is overcome, which would validate a new bullish leg in the current cycle. Conversely, inability to break through resistance at $5,200 may result in a consolidation or pullback. In this case, Ethereum would be anticipated to gain powerful support between $4,300 and $4,400, where major investor accumulation has occurred. If bearish momentum continues, the $4,000 psychological barrier and the 50-day Simple Moving Average (SMA) would serve as important cushions to avoid further declines.

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Ethereum Price Forecast: ETH Targets Breakout as Geopolitical Risks and Exchange Inflows Escalate

Ethereum (ETH) is hovering around $2,420 following fresh sell pressures precipitated by escalating Middle East tensions and massive exchange inflows worth 285,000 ETH in four days. Withstood by the short-term bearish bias and liquidations of $163 million, ETH has strong underlying buying, exemplified by increasing accumulation wallet balances and all-time high staking levels. With the price closing in on the top of a symmetrical triangle formation, the market is expecting a possible breakout. Structural demand, ETF inflows, and diminishing tradable supply are still providing support that macro-driven declines remain perceived as buying opportunities instead of a sign of a long-term reversal. KEY LOOKOUTS • ETH is approaching the top of a symmetrical triangle formation, which is a sign that a breakout in either direction may be imminent — an important technical level to closely monitor. • Ongoing strong exchange net inflows (285,000 ETH in 4 days) indicate ongoing selling pressure, which has the potential to limit near-term upside. • Accumulation addresses have contributed 5 million ETH since June, and staked ETH stands at an all-time high of 35.1 million — both reinforcing long-term bullish fundamentals. • Middle East tensions remain a wildcard; any escalation or resolution could significantly sway short-term market sentiment and ETH price direction. Ethereum is currently navigating a phase of heightened uncertainty, trading around $2,420 amid geopolitical tensions and a spike in exchange inflows that indicate short-term selling pressure. Despite this, the underlying fundamentals remain strong, with structural demand supported by record ETH accumulation and staking activity. Technical indicators look for a possible breakout as ETH nears the top of a symmetrical triangle formation, with a strong move possibly in the offing. While macro headwinds from the Middle East crisis can momentarily bear down on sentiment, strong demand metrics and steady ETF interest signal that the market continues to look at dips as a strategic entry point and not necessarily as a sign of a larger downtrend. Ethereum floats around $2,420 against the backdrop of rising geopolitical tensions and rising exchange inflows, indicating short-term sell pressure. Yet, sustained accumulation and all-time-high staking levels indicate underlying bullish resilience. A breakout seems close as ETH approaches the peak of a significant symmetrical triangle pattern. • Ethereum is floating around $2,420, down 3% Friday with geopolitical tensions rising in the Middle East. • Total exchange inflows were 285,000 ETH over four days, suggesting persistent short-term selling pressure. • Ethereum futures open interest increased by 720,000 ETH, which indicates short positions. • Total liquidations reached $163 million, with $140.94M long and $22.42M short. • ETH accumulation addresses gained 5 million ETH since early June, demonstrating strong long-term demand. • Staked ETH reached an all-time high of 35.1 million, with more than 500,000 ETH injected during the first half of June. • Ethereum is close to a break-out point as it edges towards the top of a symmetrical triangle formation. Ethereum remains an investor favorite in spite of persistent geopolitical uncertainties and a short-term surge in exchange inflows. Institutional and retail investment continues to be visible, with accumulation wallets witnessing consistent growth and staking activity at record highs. These trends attest to faith in Ethereum’s long-term value, despite the general crypto market reacting to worldwide occurrences. The staked ETH increase also indicates a movement towards long-term holding strategies and lower liquid supply, which can be used to maintain price stability in the long term. ETHEREUM DAILY PRICE CHART SOURCE: TradingView In contrast, Ethereum’s network activity remains stable, with steady growth in new wallet addresses and overall usage. Applications and protocols on Ethereum continue to grow, solidifying its status as the premier smart contract platform. The recent 1,000 ETH contribution to Nasdaq-listed BTCS’s treasury further highlights increasing corporate confidence in Ethereum’s promise. With all the macroeconomic noise in the background, on-chain fundamentals and user growth indicate a strong and resilient Ethereum ecosystem. TECHNICAL ANALYSIS Ethereum is nearing the peak of a symmetrical triangle formation, generally a precursor to a breakout. Following a false breakout higher at $2,850 last week, ETH retraced to the $2,450 level and is currently consolidating around $2,420. This constricting price action implies lower volatility and increasing pressure for a directional move. The traders are eagerly waiting for a confirmed break above the upper trendline, which may set the stage towards $2,700–$2,800, and a breakdown below support levels may set off a retest of the $2,300 level. Volume movements and momentum oscillators will play a decisive role in verifying the next leg. FORECAST If Ethereum can break above the upper boundary of the symmetrical triangle with good volume confirmation, it may set off a bullish trend towards the $2,700–$2,800 zone. This situation would most probably be accompanied by ongoing institutional demand, increasing staking engagement, and tradable supply reduction. The market will further also react positively to any alleviation of geo-political tensions or positive macroeconomic news, continuing the upward drive. Ongoing ETF inflows and high on-chain activity could consolidate investor optimism and propel ETH higher in the near to medium-term. To the downside, failure to stay above key support near $2,400 may see further selling pressure, particularly in case geopolitical tensions escalate or exchange inflows persistently grow. A breakdown from the triangle pattern could see a test of the $2,300–$2,200 area, where the buyers might jump in. Shorting and bearish sentiment building up across the wider crypto market may extend the downside risk. But long-term staking and accumulation trends could keep deeper falls in check and serve as a cushion during corrections.

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Ethereum’s Explosive 21% Surge: Spot Market Investors and Key Technical Levels Drive ETH’s Recovery

Ethereum (ETH) experienced a remarkable 21.8% surge on Thursday, marking its highest single-day gain since May 2021, driven by a surge in buying pressure from crypto-native spot investors. This rally was further supported by a significant 180,000 ETH withdrawal from exchanges, highlighting the growing confidence among investors. While the surge took place, Ethereum ETFs incurred outflows, and the rally was not driven by high leverage or ETF usage. Activation of the Pectra upgrade and reforms in the Ethereum Foundation also underpinned a positive sentiment shift. With ETH targeting resistance levels of $2,500 and $2,850, technical indicators point to further potential, although a weekly close below $1,680 would render the bullish forecast invalid. KEY LOOKOUTS •  The recent rally was predominantly fueled by crypto-native spot investors, with a whopping 180,000 ETH being withdrawn from exchanges within a mere 24 hours, reflecting growing investor confidence and draining market liquidity. •  ETH needs to break above major resistance levels of $2,500 and $2,850 to maintain its upward trend. A successful breakout above these levels may set the stage for additional price appreciation, while a failure to break above them could lead to a short-term correction. •  Ethereum’s positive sentiment surged with the activation of the Pectra upgrade, which enhances user experience, staking efficiency, and scalability, driving more interest and activity on the network. •  A weekly close below the $1,680 support level would make the current bullish thesis invalid, potentially pushing ETH to the next significant support at $1,400, and emphasizing the need to hold above this level to sustain bullish momentum. Ethereum’s recent 21.8% rally was chiefly led by an increase in crypto-native spot buyers’ buying pressure, which saw more than 180,000 ETH leaving the exchanges over 24 hours as investors bet big on greater investor confidence. Throughout the rally, Ethereum ETFs saw further net outflows, and momentum was not triggered by leverage or ETF activity. Technical indicators are currently targeting major resistance levels at $2,500 and $2,850, and ETH must break these levels for a long-term upward trend. The activation of the Pectra upgrade has also seen a positive sentiment change, increasing interest in the network. Nevertheless, a weekly close below $1,680 would negate the bullish scenario, and the price may correct to $1,400. Ethereum’s latest 21.8% rally was driven by spot market investors pulling huge amounts of ETH out of exchanges, which indicates increasing confidence. With critical resistance levels at $2,500 and $2,850 within reach, Ethereum’s upward momentum may carry on if it manages to stay above $1,680; otherwise, a pullback will ensue. •  Ethereum recorded its largest single-day increase since May 2021, going up 21.8% on Thursday. •  Crypto-native spot buyers led the rally, with 180,000 ETH being exchanged out of exchanges within 24 hours. •  Abraxas Capital transferred more than 138,000 ETH from Kraken and Binance in the last few days, indicating institutionally driven buying. •  Ethereum’s Weighted Sentiment jumped to a record 5.2 in May 2024, with the Pectra upgrade activation. •  In spite of the price rally, US spot Ether ETFs saw net outflows, suggesting that the rally was not fueled by ETF flows or leverage. •  Ethereum needs to overcome the resistance levels of $2,500 and $2,850 for further bullish momentum, with the 100-week SMA reinforcing the levels. •  A weekly close below the price of $1,680 would rule out the bullish scenario, likely taking ETH to the $1,400 support level. Ethereum recently saw a major rally, with its price rising 21.8% in one day, the biggest jump since May 2021. The rally was mainly driven by intense buying interest from crypto-native investors who pulled huge quantities of ETH out of exchanges, indicating faith in the asset’s long-term worth. Furthermore, the activation of the Pectra upgrade on Ethereum’s mainnet also helped in driving sentiment positively as the upgrade sees enhanced staking efficiency and user experience. Institutional investment was also evident, with huge withdrawals on big exchanges such as Binance and Kraken, showing increased interest from both individual and institutional investors. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView This price action is during a heightened optimism surrounding Ethereum as active addresses on the network continue to rise, further underscoring the uptick in user and investor activity. The positivity around Ethereum is further bolstered by its continuous developments, such as network updates and organizational shifts within the Ethereum Foundation. As the ecosystem matures, the recent price spike serves to illustrate the resilience and potential of Ethereum within the dynamic cryptocurrency landscape. TECHNICAL ANALYSIS Ethereum’s recent price surge is testing crucial resistance levels at $2,500 and $2,850, which are key for determining whether the current bullish momentum will continue. The price has already encountered a rejection near the $2,500 level, strengthened by the 100-week Simple Moving Average (SMA), but a breakthrough above these levels could signal further upward movement. The Relative Strength Index (RSI) is now testing its neutral level, and the Moving Average Convergence Divergence (MACD) is trading around its neutral line, indicating that ETH’s bullish momentum may increase if these indicators cross above their respective neutral levels. But a weekly close below $1,680 would nullify the bullish scenario, and the price might pull back towards the $1,400 support area. FORECAST Ethereum’s recent surge has set it up to potentially break above important resistance levels at $2,500 and $2,850. If these levels are broken, ETH may see a strong surge upward, furthering its recovery to higher price levels. Favorable momentum may be further enhanced by ongoing interest from spot market investors and the implementation of the Pectra upgrade, which increases scalability and staking efficiency. If technical indicators such as the RSI and MACD continue to strengthen, there is a likelihood of ETH breaking above these key levels, with the next potential target being $3,000 or higher, given the bullish sentiment in the market. Alternatively, Ethereum’s recent price action may be subjected to a pullback if it is unable to break above the $2,500 and $2,850 resistance levels. A rejection here would result in a short-term correction,