Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum is sending bullish signals. Can we get a 50% rise from here?
ETHEREUM NEWS

Ethereum is sending bullish signals. Can we get a 50% rise from here?

By Crypto FlexsApril 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum is sending bullish signals.  Can we get a 50% rise from here?
Share
Facebook Twitter LinkedIn Pinterest Email

The second largest cryptocurrency token by market capitalization, Ethereum (ETH), finally showing some form of life as it rose to $3,300 over the weekend. This movement is considered a full-fledged start. trend reversal For crypto tokens, there are several bullish signals on the charts.

Ethereum has a bullish chart.

Crypto analyst Derek revealed this on X (formerly Twitter). post Ethereum’s signal is Moving average convergence/divergence (MACD) The indicator said, “It appears that the decline has ended and has turned to an upward direction.” He also emphasized: Ethereum dominance chartIt confirmed three bottoms and showed a strong rebound.

The analyst explained, “Leading a rebound after confirming the bottom three times means that further declines are unnecessary and there is a high possibility that there is no intention to do so.” Interestingly, the analyst noted that Ethereum experienced this price bounce with no trading volume.

Ethereum price

Source: X

This phenomenon occurs when individual investors are more active than more cautious institutional investors during this period. This immediately shows recent purchases by Ethereum whales like Justin Sun. This is because they have greatly contributed to Ethereum’s recent resurgence.

NewsBTC recently reported A wallet believed to belong to the founder of TRON recently purchased $405 million worth of Ethereum. This wallet and another suspected to belong to Sun have accumulated $891 million worth of ETH since February 12. Meanwhile, NewsBTC also reported It describes another whale who, despite losing $4.5 million worth of ETH, initiated another buy worth over $17 million.

Other Bullish Signals for ETH

Crypto analyst Trader Tardigrade recently revealed that Ethereum experienced a significant breakout of the downward trend line on the daily chart of the Bitcoin pair. He is Ethereum’s Relative Strength Index (RSI) also symmetrical triangle.

The cryptocurrency analyst claimed that the value of RSI has also now crossed 50, which is considered bullish for the cryptocurrency token. Based on these signals, Tardigrade trader said, “It’s time for Ethereum.” He also suggested: Other altcoins If Ethereum starts to rise parabolically, it will run.

Derek also predicted this, saying, “The rise of Ethereum will lead to an explosive rise in altcoins that have been oppressed.” while dividing Crypto analyst Crypto Prof echoed his bullish sentiments on Ethereum, saying he expects the altcoin to “move more” as Ethereum trades much higher in the coming months.

Previously, cryptocurrency expert Michaël van de Poppe predicted The story will shift to the aftermath of the Ethereum halving, and once the halving hype is over, cryptocurrency tokens and other altcoins will bounce off the Bitcoin pair.

At the time of writing, Ethereum is reportedly trading at around $3,170, down more than 1% in the last 24 hours. data From CoinMarketCap.

Ethereum price chart on Tradingview.com

ETH price sitting above $3,100 | Source: ETHUSD on Tradingview.com

Featured image from AMBCrypto, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It is a Gold Fallor Safety Dynasty Status, but the path of Bitcoin can be brighter: analysts

May 31, 2025

Trump’s memes, which were questioned by the Supreme Democratic Party at the House Judicial Committee,

May 31, 2025

Inrum’s route of $ 100,000 to support this level

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Elevenlabs improves multi -mode conversation AI user interaction

June 1, 2025

SEC back track for Rex-OSPREY Staked ETF

June 1, 2025

NVIDIA expands AI training from GTC Paris to multilingual workshops.

June 1, 2025

SUI Prover improves smart contract verification in the SUI block chain

June 1, 2025

TRON Analysts predicts the following $ 0.30 rally, Unilabs Crosses Doge Volume.

June 1, 2025

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Elevenlabs improves multi -mode conversation AI user interaction

June 1, 2025
Most Popular

BitMEX Launches New Mimecoin Basket Index Tracking Top 10 Mimecoins in Crypto Market

July 4, 2024

ZKasino gives investors a 72-hour window to get their deposited ETH back.

May 29, 2024

What is Celo (CELO) and why is it listed on Bitfinex?

February 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.