Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Ethereum Reclaims Local Range Against BTC – Can Bulls Target The Range High?

Share This Post

Ethereum is holding firm above critical support levels as bulls attempt to reclaim the $1,850 zone. Price action remains cautious, as global trade conflicts and deteriorating macroeconomic conditions continue to weigh on investor sentiment across all markets. The ongoing trade tensions between the US and China, combined with weak economic indicators, have created a challenging environment for risk assets like crypto.

However, despite these headwinds, Ethereum has shown signs of resilience. Some analysts interpret the recent surge in ETH price as a positive shift that could lead to sustained upward momentum if key resistance levels are breached.

Top analyst Daan recently shared insights on the ETH/BTC chart, highlighting that Ethereum had a good start last week, showing notable strength relative to Bitcoin. This move immediately pulled a broad range of altcoins higher, signaling growing risk appetite among investors. Daan emphasizes that Ethereum’s ability to retake its local range is an encouraging development, and a continued push could set the stage for a broader recovery across the altcoin sector.

Ethereum Builds Momentum

Ethereum is beginning to show early signs of a bullish structure forming on the lower time frames, giving hope to investors after weeks of uncertainty. Bulls are steadily working to reclaim higher resistance levels, although selling pressure remains a real threat. The battle for control is intensifying, with analysts split between two scenarios: a massive breakout toward much higher targets or a failed breakout that could send ETH below the critical $1,300 support zone.

Daan shared a technical view suggesting that Ethereum had a strong start last week, regaining strength relative to Bitcoin. This move was significant because it immediately triggered strength across many altcoins, a classic signal that sentiment could be shifting across the broader crypto market. Daan explains that Ethereum has retaken its local range, a critical development.

ETH/BTC 4-hour chart revealing price consolidation | Source: Daan on X

The next objective for bulls is to push ETH toward the range high and reclaim the 4-hour 200 MA and EMA. Accomplishing this would mark the beginning of a potential higher timeframe reversal, turning the tide back in favor of buyers. Daan also highlights that if ETH can continue to build momentum from here, it could ignite another strong altcoin rally, amplifying the impact across the entire market.

Price Levels To Watch

Ethereum is currently trading at $1,800 after spending several hours ranging tightly between $1,850 and $1,725. Despite the uncertain macroeconomic backdrop, ETH has managed to maintain short-term strength by holding above the 4-hour 200 MA and EMA, two critical technical indicators that have acted as dynamic support throughout the recent price action.

ETH holding above crucial levels | Source: ETHUSDT chart on TradingView

The consolidation within this range signals that bulls are defending key levels effectively, but they still need a catalyst to trigger the next significant move. Holding above the 4-hour 200 MA and EMA suggests that momentum remains in favor of buyers for now, and any push above $1,850 could open the door for a larger rally.

However, global tensions and weakening economic indicators continue to weigh on sentiment, making next week crucial for clarity. If broader markets stabilize or Bitcoin continues its push toward new highs, Ethereum could benefit and extend its recovery. On the other hand, a failure to hold above $1,725 would expose ETH to renewed selling pressure and a potential retest of lower demand zones. For now, bulls remain in control, but vigilance is key as Ethereum approaches a pivotal moment.

Featured image from Dall-E, chart from TradingView

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Trump Media aims for top Bitcoin holder status after closing $2.44 billion investment

Trump Media & Technology Group confirmed the close of a $244 billion private placement on May 29 to fund a sweeping Bitcoin (BTC) treasury strategy The deal, involving approximately 50

Santander’s Crypto Ambitions: Spain’s Top Bank To Roll Out Stablecoin

Banco Santander SA, one of the largest banks in Europe and Spain, is reportedly considering introducing its own stablecoin The bank also plans to give its digital banking arm, Openbank, the ability

Analyst: Cardano To $10 In 2025? These 5 Catalysts Could Ignite ADA

Cardano staking pool operator (SPO) Sssebi (@Av_Sebastian) has ignited a debate by asserting that Cardano’s ADA could reach double-digit territory this year In a thread that began, “These are the

Ethereum Price Gains Momentum as Lightchain AI Unlocks Infinite AI Possibilities

This content is provided by a sponsor The world of cryptocurrency and blockchain is buzzing, and for good reason With Ethereum prices climbing and momentum building in the decentralized space, one

Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch

The post Nimanode Ignites XRP Ecosystem with $NMA Presale, Eyes 10X Growth Post-Launch appeared first on Coinpedia Fintech News Nimanode, the first no-code AI agent platform built natively on the XRP

Bitcoin Price Watch: Consolidation Deepens Below Key Resistance

Bitcoin is trading at $105,332 today with a market capitalization of $209 trillion and a 24-hour trade volume of $4212 billion The price range over the past 24 hours has fluctuated between $105,042
You have not selected any currencies to display