Saturday, May 21, 2022

Ethereum (ETH) Price Analysis: Can It Reach $ 750

Must Read

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an...

Ethereum (ETH) could reach $ 750 in the last quarter of the year as it is above a significant technical support level.

On Monday, ETH / USD attempted to cross the short-term uptrend line for the tenth time since November 26. The bulls stood close to the supportive base, increasing the pair’s potential for a recovery in the later hours.

It seems that Ethereum’s recovery at the support trendline has exhausted near a resistance level of $ 621. Both trend lines together give the impression of a rising triangle pattern, a technical pattern that traders think is bullish. Rising triangle patterns often emerge amid an ongoing trend. This pattern acts as a break interval. In other words, an area where the asset consolidated for a while before continuing its previous trend. Traders develop their setup accordingly.

Will Ethereum (ETH) be $ 750?

Josh Rager, co-founder of Blockroots.com, a cryptocurrency trading education platform, stated that the consolidation of ETH / USD within the rising triangle formation increases the likelihood of a higher peak. He stated that the next leg upwards will be at least over $ 700.

P.S: This is not investment advice.

- Advertisement -

2 COMMENTS

  1. I got this web site from my friend who informed me about this web page
    and now this time I am browsing this site and reading very informative content here.

  2. I’d like to thank you for the efforts you’ve put in penning
    this blog. I am hoping to check out the same high-grade blog posts
    by you later on as well. In truth, your creative writing abilities has motivated me to get my own, personal
    site now 😉

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Solana : Is its 34.5% rally enough to fend off possible flippening with LUNA As another week draws to a...

Skechers is Stepping into Metaverse!

After Nike and Adidas, Skechers is also stepping into the world of the metaverse. According to the announcement, the big brand will open a...

Uniswap Deploys to Polygon as MATIC Hits All-Time High

The world’s most popular decentralized exchange has just been turbocharged with deployment on Ethereum layer 2 aggregator Polygon. In an announcement on Dec. 22, Uniswap...

Chinese Companies are Competing in the ‘Metaverse’ Brand Race!

Despite the People's Bank of China's (PBOC) recent warning about the 'metaverse' and NFTs, many Chinese companies have filed for metaverse trademarks. At a meeting...

Don’t expect retail sell-off to crash Bitcoin price

Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry’s best-known analysts suggested. In a Twitter discussion...
- Advertisement -

More Articles Like This

- Advertisement -