NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

These Factors Show Ethereum is Still Poised to Explode Past Yearly Highs at $290

Cole Petersen
Cole Petersen
5 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum has entered a firm consolidation phase in the time following its recent bout of volatility.

This turbulence came about yesterday, with ETH’s buyers propelling it to highs of $255 before it lost its momentum and declined down to lows of $230.

Bitcoin triggered this movement, as the benchmark cryptocurrency first rallied to highs of $10,400 on Monday evening before losing all its buying pressure and reeling as lows as $8,600 on one major trading platform.

The aggregated crypto market appears to be closely watching to see what Bitcoin does next, but it is possible that ETH will be able to incur some independent momentum.

One analyst believes that this next Ethereum move could heavily favor buyers, as there are a couple emerging factors that may help boost it higher.

Ethereum Consolidates Within Bull-Favoring Technical Formation

Ethereum has entered what appears to be a consolidation phase as it struggles to garner any notable momentum.

At the time of writing, ETH is trading down just under 1% at its current price of $238. It has been ranging between $230 and $240 in the time following its immense volatility.

It is highly likely that the crypto’s near-term price action will be heavily influenced by that of Bitcoin, although analysts are pointing to a technical formation that it is currently caught within as a reason why it could rally higher.

One analyst offered a chart showing this pattern – which is clearly seen while looking towards its BTC trading pair.

Ethereum
Image Courtesy of Ethereum Jack

The upper boundary of this broadening wedge appears to sit around 0.025. Ethereum is currently trading up 0.5% against BTC at 0.0247.

If it is able to break this level, it could see some independent momentum that allows it to outperform Bitcoin in the days ahead.

Here’s the Level ETH Needs to Break to Set Fresh All-Time Highs 

Throughout the course of its latest downtrend, the cryptocurrency was able to maintain above a key support level.

This level sits at $228 – which happens to be where BTC had faced some strong resistance during its uptrend seen last week.

Another respected trader explained in a recent blog post that the close above this level is undoubtedly a bull-favoring sign.

“Looking at the daily for the dollar pair, we can see that price closed firmly above that high at $228 that I was so keenly watching, with consolidation occurring above the high,” he noted.

He also went on to explain that the cryptocurrency needs to break above $254 in order for it to see any intense upwards momentum that leads it back to its yearly highs of $290.

“There are two possible scenarios that make for high R plays; either we see a breakdown at the trendline resistance after taking out $254, which I would look to get short on, or we close above the confluence of levels and rally into $290.”

Featured image from Shutterstock.

ETHUSD, ETHUSDT, ETHBTC

Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

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

Leave a Reply Cancel reply

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

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

NFT, crypto

Crypto Hacks Surge 27% In July: $142M Stolen As 2025 Trend Continues

As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges...

Rubmar Garcia 5 days ago
ChatGPT voorspelt Ethereum koers tot $10.000 in bull run – wat zijn de scenario’s?

ChatGPT voorspelt Ethereum koers tot $10.000 in bull run – wat zijn de scenario’s?

We vroegen de populairste AI chatbot naar de verwachtingen voor de Ethereum koers en hebben externe analisten gevraagd naar hun...

Lars Diederiksen 5 days ago
ethereum eth ethusd

Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark....

James Halver 6 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum

Ethereum Price Pulls Back To $3,500, But MVRV Signals Uptrend Continuation Likely

Opeyemi Sule 5 days ago
Ethereum ETFs

Spot Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow

Sandra White 5 days ago
Ethereum New Addresses Surge To 256,817 In A Day – Matching 2017 And 2021 Bull Markets

Ethereum New Addresses Surge To Nearly 257K In A Day, Matching 2017 And 2021 Bull Markets

Sebastian Villafuerte 5 days ago

Premium Sponsors

Press Releases

  • EU Gov Awards €1.5M to a US-led Decentralized AI Project...

    4 days ago
  • Use Quid Miner cloud mining mobile app: easily earn passive...

    6 days ago
  • Najlepšia Kryptomena na Investíciu v Auguste 2025 – HYPER, MAXI, T6900, SNORT, SUBBD, BEST, ETH

    Najlepšia Kryptomena na Investíciu v Auguste 2025 –...

    6 days ago
  • A must-read for miners in 2025! ETHRANSACTION is disrupting...

    6 days ago
  • XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento týždeň na trhu?

    XRP vs. ETH vs. BTC: Ktorá kryptomena vedie tento...

    6 days ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.