ICOCalendar.Today

  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍
  • ICO Directory đź“–
  • ICT Token 🔥
  • Blockchain News đź—ž
    • Ethereum
    • Binance
    • Cryptocurrency
    • Litecoin
    • Monero
    • Ethereum Classic
    • Bitcoin
    • Tezos
    • Tron
    • Cardano
    • EOS
    • Algorand
    • ZCash
    • Dash
    • Chainlink
    • NEO
    • Maker
    • DeFi
  • List a project đź’Ł
  • Submit Press Release 👍

Ethereum to See Insane Rally to $300 After Bulls Defended This Key Level

3/2/2020

Comments

 
Ethereum (ETH) and the aggregated cryptocurrency market has incurred some notable upwards momentum today, snapping the multi-day downtrend that the market had previously been caught within. Today’s ETH rally marks a bounce at a key support level that analysts were watching, leading some previously bearish analysts to flip neutral, while bull-biased analysts grow incredibly optimistic. One top analyst is now noting that he believes Ethereum could now be poised for a sharp upwards movement up towards $300, with a potential rally to this level marking a rise to fresh 2020 highs for the cryptocurrency. Ethereum Rallies Towards $230 After Recapturing Key Level At the time of writing, Ethereum is trading up 3% at its current price of $228, which marks a notable climb from daily lows of $215 that were set yesterday in tandem with Bitcoin’s decline to lows of $8,400. Bitcoin’s bounce at this level has created an upwards tailwind that has allowed Ethereum and other major altcoins to incur some notable momentum. Today’s rally also marks the first notable bounce seen in multiple days, with the markets previously being caught within a firm downtrend before entering a bout of sideways trading yesterday. Luke Martin, a prominent cryptocurrency analyst on Twitter, spoke about Ethereum’s technical situation in a recent tweet, explaining that its recent break below $224 had led him to think further downside was imminent, but its ability to recapture this level has led him to flip back to being “neutral.” “Last week the only thing I traded actively was shorting ETH. The breakdown of 224 made me think that the downside would continue this week. But now I’m seeing that view almost be invalidated Monday morning. Back to neutral on ETH,” he noted. Last week the only thing I traded actively was shorting $ETH. The breakdown of 224 made me think that the downside would continue this week. But now I'm seeing that view almost be invalidated Monday morning. Back to neutral on $ETH. pic.twitter.com/EdegTgK7d5 — Luke Martin (@VentureCoinist) March 2, 2020 ETH Poised for a Rally to $300 as Technical Situation Grows Bullish Although Martin is currently neutral on ETH, Galaxy – another popular cryptocurrency analyst – explained in a recent tweet that he believes the crypto could be well positioned for a movement to fresh 2020 highs. While looking at the chart referenced by Galaxy, it appears that this bullishness stems from the crypto’s ability to bounce at a key support level and remain above the descending resistance line it recently broke above. “Started to build an ETH long. Thinking of $280-$300 by the end of the month. Send,” he explained. Started to build an $ETH long. Thinking of $280-$300 by the end of the month. Send. pic.twitter.com/8ih8JiMgHd — Galaxy (@galaxyBTC) March 2, 2020 As long as Bitcoin and the aggregated market are able to further extend this newfound momentum, it is a strong possibility that Ethereum will recoup some of its recent losses. Featured image from Shutterstock.

Via https://www.newsbtc.com/2020/03/02/ethereums-defense-of-key-support-shows-violent-rally-to-300-is-imminent/
Comments

    Blockchain News

    Leading global blockchain news provider. A blockchain, originally block chain, is a growing list of records, called blocks, that are linked using cryptography.
    BLOCKCHAIN NEWS

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017

    RSS Feed

​About

  • About us​
  • ICT Token
  • News​​
  • Testimonies
  • Terms of Service​​
  • ​​We on Google News​ 🤑
  • ​We in the media
  • ​Partners

Let's connect!

News Feeds

  • Blockchain News
  • Jobs Board 👨‍🎓
  • Bitcoin News
  • Ethereum News
  • Binance News
  • ​Tron News
  • Cardano News
  • EOS News
  • Tezos News
  • Stock Markets
  • COVID-19 News
  • Crypto News
  • Chainlink News
  • Litecoin News
  • Dash News
  • Monero News
  • ETC News
  • NEO News
  • Maker News
  • DeFi News
  • ZCash News
  • Algorand News
© 2017-2020 ICOCalendar.Today. All Rights Reserved.