Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»Will Ethereum Surge to $2,800 or Crash to $2,500? Insights to Consider
ALTCOIN NEWS

Will Ethereum Surge to $2,800 or Crash to $2,500? Insights to Consider

By Crypto FlexsAugust 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will Ethereum Surge to ,800 or Crash to ,500? Insights to Consider
Share
Facebook Twitter LinkedIn Pinterest Email
  • At the time of writing, ETH is stuck in a 4-hour symmetrical triangle, showing no clear directional trend.
  • On-chain data suggests a potential rally is coming.

Ethereum (ETH) market activity is muted, with the price up slightly by around 2.45% and currently trading at around $2,600.

This type of price action is commonly seen when an asset is trading within a symmetrical triangle, a pattern characterized by converging diagonal upper and lower lines.

Previous instances of similar trading patterns often resulted in large price increases or decreases.

Analyst Predictions for ETH

at Recent TweetsCryptocurrency analyst Karl Runefeld emphasized that ETH is at a crossroads, facing a decision that could trigger a drop to new lows.

This could cause the bullish momentum to fade and ETH could hit a new monthly high.

Runefelt shared a 4-hour chart outlining potential price targets based on ETH’s direction.

“Potential bullish target: $2,800

Potential downside target: $2,350.”

At such a critical juncture, it is important to identify additional confluence points. To this end, AMBCrypto undertook further analysis.

Traders with ‘money’ can push ETH higher.

AMBCrypto used the In and Out of Money Around Price (IOMAP) indicator to analyze whether profitable traders (In the Money) or losing traders (Out of the Money) can influence the price direction of Ethereum.

“In the Money” indicates that the trade is currently profitable and acts as a support zone, while “Out of the Money” indicates that the trade is unprofitable and acts as a resistance zone.

According to IntoTheBlockETH bounced off the $2,597.37 support level, with transactions involving 2.39 million addresses and $8 billion worth of ETH.

Source: IntoTheBlock

Source: IntoTheBlock

This level is potentially essential to push the price higher. However, significant resistance is expected from traders who lost money at $2,677.33, $2,760.00, and $2,831.77.

While these resistance levels pose challenges, the bullish momentum at the time of writing, which outweighs selling pressure, suggests that ETH could trend towards or even surpass $2,800.

Buyers are interested in ETH

Ethereum traders are seeing increasing momentum, as evidenced by the Moving Average Convergence Divergence (MACD) indicator.

This tool tracks the relationship between two moving averages of the ETH price to help identify changes in momentum and direction.

Recently, the MACD showed a bullish crossover signal, which suggests that buyers are actively entering the market and are likely to continue to push the price higher.

Additionally, Ethereum’s momentum is rising and the MACD is trending in the positive zone, which suggests that the price is likely to continue to rise.

Source: TradingView


Is your portfolio green? Check out our ETH yield calculator


Chaikin Money Flow (CMF) also supports this bullish outlook. It has been rising since August 18, indicating increasing buying pressure.

If this trend continues, the ETH price could rise further towards the $2,800 target.

Next: Binance founder CZ released from prison. Will his release spark a BNB bull run?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Defi Surges, BTC Swings & Tradfi faces freezing: Daily encryption failure

August 28, 2025

Keepsolid launches KS COIN: Loyalty encryption through actual utility token benefits

August 14, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 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

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Mistral.ai Announces New Free API, Pricing Updates, and Improved Models

September 18, 2024

Cryptocurrency analysts are very bullish on the price of XRP and are setting multiple price targets.

February 24, 2024

Ethereum Soars 20%: ETH’s Exaggerated Claims on ETF Rumors

May 21, 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.