{"id":178683,"date":"2023-10-21T22:27:42","date_gmt":"2023-10-21T16:57:42","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=178683"},"modified":"2023-10-21T22:27:42","modified_gmt":"2023-10-21T16:57:42","slug":"key-factors-to-watch-right-now-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/key-factors-to-watch-right-now-crypto-news\/","title":{"rendered":"Key Factors to Watch Right Now – Crypto News"},"content":{"rendered":"

<\/p>\n

<\/p>\n

Gamza Khanzadaev<\/p>\n

<\/a><\/p>\n

Ethereum price shows strong potential for price surge, leading expert predicts, backing up his words with promising technical indicators and market trends<\/p>\n<\/div>\n

\n
\n\"Ethereum\n<\/div>
Cover image via www.freepik.com<\/a><\/figcaption>
\n

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.<\/p>\n<\/div>\n<\/div>\n

\n

In an exciting turn of events, Ethereum (ETH) is looking to make a substantial comeback, targeting a price range between $1,800 and $1,900. This optimistic outlook comes as\u00a0Bitcoin (BTC)<\/a> experiences renewed highs due to false reports of a spot ETF approval, and the altcoin market shows signs of recovery.<\/p>\n

Ethereum, the leading altcoin, is currently trading at $1,615 per token, but analysts are keeping a close watch on its potential for growth. Noted expert\u00a0Ali Martinez<\/a>, a prominent figure in crypto circles, has pointed out a compelling pattern on the three-day chart.<\/p>\n

Textbook price action<\/h2>\n

According to Martinez,\u00a0Ethereum<\/a> is on the verge of a rebound, poised to break out from an ascending triangle formation. To validate this prediction, a firm close above the 18-day Simple Moving Average (SMA) is crucial. Only with a strong anchoring above this level, possibly marked by a daily candlestick, can ETH carve a path for further growth.<\/p>\n

Source: <\/em>Ali Martinez<\/em><\/a><\/figcaption><\/figure>\n

The price range of $1,800 to $1,900 per\u00a0ETH<\/a> is drawing considerable attention. This zone signifies a 50% to 61.8% price correction from the prolonged fall since mid-April, a textbook correction by market standards.<\/p>\n

As Ethereum approaches these critical price levels, the market will gain greater clarity on its future trajectory. Observers anticipate that breaking and consolidating above these key levels will provide the green light for further upward momentum.<\/p>\n<\/div>\n

\n

About the author<\/p>\n


\n\"article<\/p>\n

Gamza Khanzadaev<\/p>\n

<\/a><\/p>\n

\n

Financial analyst, trader and crypto enthusiast.<\/p>\n

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.<\/p>\n

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Gamza Khanzadaev Ethereum price shows strong potential for price surge, leading expert predicts, backing up his words with promising technical indicators and market trends Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is […]<\/p>\n","protected":false},"author":2,"featured_media":178684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-178683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=178683"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178683\/revisions"}],"predecessor-version":[{"id":178686,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/178683\/revisions\/178686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/178684"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=178683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=178683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=178683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}