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Ethereum (ETH) Price on the Rise! Is the Altcoin Bull Run Coming?

Yigit Taha OZTURK — Thu, 13 Feb 2025 11:30:44 +0000

The cryptocurrency market continues to move at full speed. Recently, the price movements of Ethereum (ETH) have caught investors’ attention. As ETH continues to accumulate at critical levels, it is giving signals that could indicate the start of a bull market. Will Ethereum’s price continue to rise? Is the altcoin bull run really imminent? Let’s analyze this in detail with a technical perspective.

Ethereum (ETH) is showing a significant order block mitigation on the daily chart. The price has tested the order block that previously triggered a strong bullish movement and has found support at this level. Currently, Ethereum is continuing its movement within this block, potentially setting the stage for an upward breakout in the near future.

Accumulation Phase Continues!

Ethereum (ETH) continues to accumulate on the 4-hour chart. To confirm this accumulation phase and signal the beginning of an upward trend, Ethereum must secure 4-hour closes above $2,911. If Ethereum manages to achieve this, we can assume that the accumulation phase has ended and the uptrend has begun.

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Targets and Key Levels

The critical levels to watch for Ethereum’s price are as follows:

The $2,911 level must be broken to confirm a trend reversal.
If Ethereum holds above $2,911, the first target will be $3,434.
If $3,434 is broken, then the $4,000 level becomes the primary target.

Ethereum Price Analysis and Possible Scenarios

For Ethereum’s price movement to continue upward, traders should closely monitor technical indicators such as volume increase and resistance breakouts. If Ethereum decisively breaks above $2,911, this could signal the beginning of a bull run.

However, if the daily uptrend breaks downward, this analysis would become invalid, requiring a new strategy. Specifically, closing below $2,600 could increase the risk of a decline.

Is a Bull Market Beginning for Ethereum?

While it is always difficult to make definitive statements in the crypto market, current technical indicators suggest that Ethereum is in a strong position for an uptrend. If resistance levels are broken and investor interest continues, the altcoin bull market could accelerate, led by Ethereum.

Closely monitoring Ethereum (ETH) price movements and these key levels will be crucial in positioning for a potential altcoin bull market. With technical indicators and market dynamics in play, we will soon see how Ethereum’s performance unfolds.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Ethereum (ETH) Price on the Rise! Is the Altcoin Bull Run Coming? appeared first on Coin Engineer.

Contracting Triangle Structure in Ethereum: Last Chance for Ascension!

Yigit Taha OZTURK — Mon, 10 Feb 2025 19:00:51 +0000

Ethereum has been continuing its contracting triangle structure recently and has been rejected at the downtrend resistance. In order to see an upward move, the price needs to break this resistance level. However, at the moment, there is a pause at this level, and Ethereum may make one last downward attempt. This could be an opportunity for the price to decline a bit further, and investors need to remain patient while waiting.

After this downward attempt, a strong upward breakout could happen. This breakout could push Ethereum directly to the $3,000 range. While it’s expected that the price may dip and remain below the resistance level, this breakout could signal the beginning of a new bullish wave for investors.

Currently, Ethereum is in a period of uncertainty, but everything depends on this breakout. If the breakout occurs, the price could surge directly to $3,000. But how will this breakout happen?

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Is the Market in a Bad State?

There is a prevailing uncertainty in the market, and investors are wondering how Ethereum will overcome this critical level. Right now, observing this breakout closely and acting at the right time could present a significant opportunity. However, making the wrong moves could lead to Ethereum remaining within a narrow range for some time.

Patience is the most valuable asset at this point. Market conditions can change at any moment, so it’s crucial to monitor the breakouts and wait for the right moment. If the price breaks through this resistance, upward movement could become stronger for investors. However, if the breakout doesn’t occur, the downward movement could persist.

In conclusion, the future of Ethereum depends on how this breakout unfolds. If a strong upward move takes place, it could be a strong signal for a bullish trend. But the key is to wait patiently for this moment.

The post Contracting Triangle Structure in Ethereum: Last Chance for Ascension! appeared first on Coin Engineer.

PancakeSwap Launches Telegram Bot!

Yigit Taha OZTURK — Thu, 14 Nov 2024 20:00:49 +0000

PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has launched a Telegram bot that enables users to trade over 3,000 tokens directly within the Telegram app. This innovation marks a significant step toward expanding DeFi (decentralized finance) services to a broader audience.

The Telegram Swap Bot supports PancakeSwap v2 and v3, as well as stableswap transactions. Its primary goal is to offer easier access to DeFi for the many users of Telegram, a widely used messaging app. However, concerns about the security of trading on a non-financial platform like Telegram have been raised.

Security and Privacy

While Telegram was not designed for financial transactions, PancakeSwap aims to mitigate potential risks through end-to-end encryption. This technology is intended to protect users’ trading activities and private information. PancakeSwap emphasizes that users maintain control of their funds, as the Telegram Swap Bot operates directly with users’ own wallets.

The launch of Telegram bots and mini-apps is intended to lower entry barriers to DeFi, reduce transaction fees, and make these services more accessible to mainstream users. Bitget CEO Gracy Chen highlighted that Telegram has rapidly gained acceptance in emerging markets, boosting crypto adoption. This makes Telegram one of the most suitable platforms for crypto trading compared to other social media platforms.

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Portfolio Management

Thanks to a partnership with Bril Finance, PancakeSwap integrated portfolio management functionality on October 30, 2024. Users can now earn high-risk returns by investing their tokens into single-asset wallets. This new liquidity-providing algorithm automatically balances the portfolios, offering better risk-reward ratios. PancakeSwap CEO Mochi noted that with this integration, the DEX has transformed into a full-service platform for portfolio management as well.

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Latest Situation in Bitcoin and Cryptocurrencies – January 3

Ahmet Bedirhan Arvas — Wed, 03 Jan 2024 08:16:18 +0000

Bitcoin and popular altcoins’ current status and whether the upward trend will continue is as follows:

Bitcoin has managed to surpass the $45,000 level as we enter the new year. If the price can stay above this level, we might see a movement towards $48,000 first, and then possibly $51,000. In case of possible pullbacks, our initial support zone is in the $42,000 – $41,500 range. Below this zone, we have the $40,700 – $40,300 range. It’s worth noting that a drop below these levels could deepen the decline.

Bitcoin (BTC): As of the time of writing, the BTC/USDT pair is trading at $45,392 with a 0.93% increase. Resistance levels for BTC are in the range of $48,000 – $51,000, and support levels are in the range of $42,000 – $41,500.

Ethereum (ETH): The ETH/USDT pair is trading at $2,379 with a 0.99% increase. Resistance levels for ETH are in the range of $2,435 – $2,450, and support levels are in the range of $2,270 – $2,260.

Perpetual Protocol (PERP): The PERP/USDT pair is trading at $1.87443 with a 3.55% increase. Resistance levels for PERP are in the range of $1.974 – $2.04, and support levels are in the range of $1.65 – $1.67.

Arbitrum (ARB): The ARB/USDT pair is trading at $1.9180 with an 8.40% increase. Resistance levels for ARB are in the range of $1.964 – $1.980, and support levels are in the range of $1.84 – $1.816.

Ordi (ORDI): The ORDI/USDT pair is trading at $84,209 with a 1.22% increase. Resistance levels for ORDI are in the range of $91.10 – $92, and support levels are in the range of $81 – $79.9.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

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