Amidst a strong resurgence of the general crypto market, <\/span>Ethereum<\/span><\/a> has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle.<\/span><\/p>\n Ethereum\u2019s price action shows that the digital asset could be poised for an extension of its recent upward movement. Delving into ETH\u2019s recent performance, Rose Premium Signals, a technical analysis platform <\/span>cites<\/span><\/a> an optimistic chart pattern that might bolster the altcoin to higher levels.<\/span><\/p>\n Rose Premium Signals highlights the development as a sign of strong upside momentum, targeting new heights in the short term. This robust price strength might be triggered by renewed investor confidence and interest in <\/span>ETH <\/span><\/a>following favorable market conditions.<\/span><\/p>\n The platform noted that ETH\u2019s growing momentum is attributed to a strong bounce from the $2,947 support zone. As a result, the altcoin has formed a bullish continuation pattern, which suggests a sustained run to key resistance levels.<\/span><\/p>\n A bullish continuation pattern often precedes large increases, implying that ETH could be on the verge of breaking through critical price levels and possibly establishing <\/span>new all-time highs<\/span><\/a>. With the general market maintaining a positive trend and rising investors\u2019 interest aiding the uptrend, Ethereum\u2019s current cycle remains promising once again.<\/span><\/p>\n According to the platform, this bullish structure coinciding with Fibonacci retracement levels sparks a huge rally for ETH. Thus Rose Premium Signals anticipates a leg-up to the $4,103 and $4,788 marks in the coming weeks.<\/span><\/p>\n In the event that the uptrend extends, the <\/span>altcoin<\/span><\/a> might rally to about $5,568, marking a new all-time high. As market sentiment shifts, these levels are vital thresholds that could determine the sustainability of ETH\u2019s broader market momentum.<\/span><\/p>\n Ethereum continues to uphold its recent bullish performance, breaking key resistance levels that previously hindered its uptrend. With ETH remaining in positive territory, crypto enthusiasts believe a strong rally may be on the horizon.<\/span><\/p>\n After examining ETH\u2019s current price trend, Stockmoney Lizards, a market expert and creator, <\/span>predicts<\/span><\/a> an impending breakout above the $4,000 threshold in the upcoming days. The expert claims that the altcoin is currently in a corrective channel formation, a pattern that reflects a lengthy consolidation or correction phase.<\/span><\/p>\n Stockmoney Lizards points to a possible completion of a correction phase, which began in December. If the $3,100 support level at the 1.618 Fibonacci Extension holds, the expert is confident that ETH might see <\/span>a breakout<\/span><\/a> shortly, targeting the $4,109 mark.<\/span><\/p>\n Presently, ETH is trading at $3,380, demonstrating a nearly 3% upswing in the last 24 hours. Its upward momentum is further bolstered by <\/span>heightened investors\u2019 interest<\/span><\/a> and confidence as indicated by a more than 100% increase in daily trading volume.<\/span><\/p>\n Featured image from Unsplash, chart from Tradingview.com<\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":" Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum […]<\/p>\n","protected":false},"author":1,"featured_media":34108,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[335],"tags":[1393,9054,1307,23020,337,2467,12801,1596,29523],"class_list":["post-34107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-ahead","tag-bitcoinistcom","tag-bullish","tag-continuation","tag-ethereum","tag-forms","tag-heights","tag-pattern","tag-upsurge"],"_links":{"self":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/34107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/comments?post=34107"}],"version-history":[{"count":0,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/posts\/34107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media\/34108"}],"wp:attachment":[{"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/media?parent=34107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/categories?post=34107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lsd.hu\/wp-json\/wp\/v2\/tags?post=34107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Strong Momentum Building Up For Ethereum<\/span><\/h2>\n
ETH Gearing Up For A Breakout<\/span><\/h2>\n