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»Is Ethereum experiencing a major breakout and on its way to new all-time highs?
ETHEREUM NEWS

Is Ethereum experiencing a major breakout and on its way to new all-time highs?

By Crypto FlexsMay 24, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Is Ethereum experiencing a major breakout and on its way to new all-time highs?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum The ETH spot exchange-traded fund (ETF) is yet to witness an uptick today following its historic approval. However, considering the impact of exchange funds as seen with Bitcoin, several cryptocurrency analysts and market observers predict a major rally for ETH in the coming months.

Joining the fray is popular cryptocurrency expert and trader Javon Marks. in the spotlight A notable breakthrough has occurred in Ethereum’s price action, leading to speculation that the development could spark a notable rally for the cryptocurrency asset.

Ethereum Breakout Signals New All-Time High

Marks’ prediction highlights the potential for ETH to reach unprecedented price levels after several distinct bullish indicators emerge. that It was mentioned that ETH’s price confirmed a significant breakout shortly after showing several clear bullish indicators. This could lead to significant moves on the upward trajectory.

Related Reading

Earlier this month, Marks pointed out four bullish indicators for the Ethereum price. This includes a bull flag-like price structure, higher lows in the price action, lower lows in the Relative Strength Index (RSI), and a larger bullish price breakout up to the $4,811 price mark.

ETH could surge above $4,811 | Javon Marks of X

Sharing insights into patterns such as the Bull Flag, Javon Marks argues that this breakout could mark a new all-time high for ETH and could benefit many. altcoin. However, a few days later, analysts reported that Ethereum was approaching the breakout level of the Bull Flag pattern. Once a successful breakthrough is achieved, the next phase of real growth will begin.

Specifically, if a breakout occurs, the price will ETH It could rise to $4,811, an increase of about +50% from that level. It is also possible that the price could rise to $5,000 and set a new high.

Meanwhile, less than two hours later, the expert confirmed that the asset was breaking out of the pattern at the speed of light and surging in an upward direction. Therefore, after this breakout, the price of ETH could be poised to rise another 23.4% from current levels compared to the aforementioned price target, while also suggesting that further growth could be on the horizon.

ETH Sees Bearish Movement

The digital asset is currently showing a bearish move after once again failing to surpass $4,000. Despite the overall cryptocurrency market experiencing bearish momentum, a good recovery is expected to occur soon.

Related Reading

Despite approval ETH Spot ETF, the coin has recorded a decline of more than 5% in the last 24 hours. However, over the past week, ETH has shown resilience to gain more attention, posting gains of over 20%.

The market capitalization recorded $445.95 billion, down more than 5% from the previous day. Meanwhile, trading volume was $45.29 billion, an increase of more than 65% from the previous day.

Ethereum
ETH trading at $3,705 on 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Coinbase adds a pancake swap to Roadmap to Surges for BNB Chain Dex to record $ 173,000,000 in monthly.

June 7, 2025

Nautilus launches anti -tamper prevention Oracles in Sui Mainnet.

June 7, 2025

Binance Alpha Listing Drive Skating Token Price 33%

June 7, 2025

Data Center security improvement: Role and risk of base board management controller

June 7, 2025

Is the Solana -SOL route that is involved in whale movements still alive for $ 160?

June 7, 2025

Gala Games unveils a new byte pack in VEXI village.

June 7, 2025

XRP price prediction by reducing the volume of RLUSD (RIPPLE USD)

June 7, 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

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025
Most Popular

Bitcoin rewards company Fold now pays up to 1.5% Satoshi Cashback on ACH transfers

July 23, 2024

Bitfinex Securities Launches El Salvador’s First Tokenized Debt to Develop Hilton Hotels

April 12, 2024

Decentralized GPU network io.net appoints former Ava Labs executive Garrison Yang to team

March 29, 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.