Friday, July 11, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

How Far The Rising Ethereum Price May Reach In Coming Week?

by Brian Bollinger
December 2, 2022
in Cryptocurrency
Reading Time: 4 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Published 2 hours ago

On November 30th, the Ethereum price witnessed a significant inflow resulting in a massive breakout from $1220 and $1275 resistance in one strike. Thus, this reclaimed level offers a long entry opportunity and assists buyers in driving an ETH price higher. But; how far this potential rally may go?

Key points: 

  • A possible retest to the $1270 or $1220 will replenish the bullish momentum
  • The daily-RSI slope re-renters the bullish territory.
  • The intraday trading volume in Ethereum is $10 Billion, indicating a loss of 16.5%. 

Ethereum PriceSource- Tradingview

The Ethereum coin price rebounded from the $1100-$1085 support twice over the past three weeks, indicating the buyers are actively defending this level. The last reversal has pushed the price 18%, and it currently trades at $1277.

The bullish reversal has breached two resistance levels of $1220 and $1270, offering strong support levels to bolster a recovery rally. As of now, the daily candle shows higher price rejection, suggesting a retest phase is on its way.

Moreover, both the aforementioned level are suitable to support the resumption of a bullish rally. The post-retest rally may drive the price 12% higher to hit reach the $1425 resistance.

Global In/Out of the Money metric

ETH On chain analysisSource- intotheblock

Concerning the current price of Ethereum, $1285, the Global In/Out of the Money (GIOM) on-chain metric suggests 49.84% of ETH holders are in profit, whereas 45.3% of holders are in loss. The indicator offers a neutral outlook, with both aforementioned parties near the 50% mark.

However, the tiny red cluster with a mean value of $1400 indicates this level is weak resistance, which increases the chance of price recovery.

Technical indicator-

Relative Strength Index: the daily-RSI slope jumps above the neutral line after nearly a month, indicating the market sentiment is improving 

EMAs: the rising price reclaimed the 20-day EMA, offering early signs of a bullish recovery. However, the other EMAs(50, 100, and 200) could provide additional resistance against a potential rally.

Ethereum intraday price levels

  • Spot price: $1278
  • Trend: Bullish
  • Volatility: Medium
  • Resistance level- $1370 and $1425
  • Support level- $1270 and $1220

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Close Story



Source link

Tags: comingEthereumPriceReachrisingweek
Previous Post

Find Remote Jobs at These 41 Work-From-Home Companies

Next Post

The Fed’s path to a ‘Goldilocks’ economy just got more complicated

Related Posts

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

by Scott Matherson
July 10, 2025
0

Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure The XRP ecosystem is witnessing a...

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

by Kelvin Munene Murithi
July 10, 2025
0

Coinbase Worldwide Change has introduced that it'll add help for the $PUMP token forward of its Preliminary Coin Providing (ICO)....

BIT Mining’s strategic leap into Solana propels stock to 3-year high

BIT Mining’s strategic leap into Solana propels stock to 3-year high

by Oluwapelumi Adejumo
July 10, 2025
0

Crypto mining firm BIT Mining has strategically moved into the Solana ecosystem, sending its inventory to a three-year excessive.On July...

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

“Calling All Crypto Transactions Externalization Would Be Very Limiting,” Warns FMAS:25 Panel

by Tareq Sikder
July 10, 2025
0

On the Finance Magnates Africa Summit:25, a panel dialogue titled “The Way forward for Crypto, Classes from Africa” introduced collectively...

Breakout Above ,800 Could Ignite Altseason

Breakout Above $2,800 Could Ignite Altseason

by Sebastian Villafuerte
July 10, 2025
0

Ethereum surged over 5% yesterday, pushing previous the important thing $2,700 stage and signaling renewed energy throughout the altcoin market....

Trump Administration Imposes 50% Tariff on Brazilian Imports

Trump Administration Imposes 50% Tariff on Brazilian Imports

by Sergio Goschenko
July 10, 2025
0

Trump famous that the brand new 50% tariff on Brazilian imports was justified as a result of unfair remedy of...

Next Post
The Fed’s path to a ‘Goldilocks’ economy just got more complicated

The Fed's path to a 'Goldilocks' economy just got more complicated

Payrolls and wages blow past expectations and flying in the face of Fed rate hikes

Payrolls and wages blow past expectations and flying in the face of Fed rate hikes

Leave a Reply Cancel reply

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

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

July 10, 2025
Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

July 10, 2025
Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

Huntington Ingalls upgraded at TD Cowen on contract momentum, margin upside (HII:NYSE)

July 10, 2025
BIT Mining’s strategic leap into Solana propels stock to 3-year high

BIT Mining’s strategic leap into Solana propels stock to 3-year high

July 10, 2025
Crucial’s super-fast X9 portable SSD is excellent—and now it’s  off

Crucial’s super-fast X9 portable SSD is excellent—and now it’s $60 off

July 10, 2025
Canadian travel to the U.S. plummets — but Americans are staying home, too

Canadian travel to the U.S. plummets — but Americans are staying home, too

July 10, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Coinbase Adds Support for Pump.Fun Ahead of $PUMP Token ICO

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In