{"id":213570,"date":"2023-12-16T00:11:21","date_gmt":"2023-12-15T18:41:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-price-prediction-as-post-correction-rally-sets-a-15-jump-ahead-crypto-news\/"},"modified":"2023-12-16T00:11:25","modified_gmt":"2023-12-15T18:41:25","slug":"ethereum-price-prediction-as-post-correction-rally-sets-a-15-jump-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-price-prediction-as-post-correction-rally-sets-a-15-jump-ahead-crypto-news\/","title":{"rendered":"Ethereum Price Prediction As Post-Correction Rally Sets a 15% Jump Ahead &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-169613\">\n<p>\nEthereum Price Prediction: under the influence of a rising channel pattern, the ETH price rides a steady growth with a minor pullback, should you enter this dip\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/EaIukORW-e1702663993669.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ETH Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 10 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Ethereum Price Prediction: The cryptocurrency market witnessed a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-pennant-pennant-predicament-could-sweep-40000-is-this-the-dip-before-the-rip\/\">surge in volatility<\/a> as the digital assets Bitcoin and Ethereum entered into a minor correction. This pullback has plunged the ETH price from a recent top of $2400 to $2238, registering a 7.4% loss. However, this retracement lies within the range of a rising channel pattern and projects the recovery is intact.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read:<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/peter-brandt-stirs-debate-with-harsh-critique-of-ethereum\/\"> Peter Brandt Stirs Debate with Harsh Critique of Ethereum<\/a><\/p>\n<h2><b>Channel Pattern Hints Next Jump Above $2500<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A channel pattern leads the current recovery trend in the ETH price<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Until the pattern\u2019s lower trendline is intact, the coin holders can enjoy the bull rally<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in Ether is $10.2 Billion, indicating a 78% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1105\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/EaIukORW.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/e\/EaIukORW.png\" alt=\"Ethereum Price Prediction\" width=\"1946\" height=\"1105\"\/><\/noscript><figcaption class=\"wp-caption-text\">Ethereum Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Since mid-October, Ethereum (ETH) has shown a robust recovery, beginning with a rebound from the $1522 support level. This rally is best understood through the lens of a channel pattern, characterized by two ascending trendlines that have been providing dynamic resistance and support to the price movements.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">On December 13th, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> marked its latest recovery from the lower trendline of this pattern, evidenced by a morning star candle formation. This reversal propelled the price to its current level of $2243, signaling the onset of a new bull cycle within the confines of the channel pattern.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">If the ETH price continues to adhere to the trajectory set by this channel pattern, we could see a 12-15% surge, potentially reaching the upper trendline in the region of $2500 to $2600. As long as these two trendlines remain intact, Ethereum is likely to maintain its upward trajectory, albeit with minor pullbacks along the way.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">However, a breakout above the channel\u2019s resistance could significantly amplify buying momentum, potentially leading to a more substantial recovery. In such a scenario, initial targets could be set at $2730, with a further potential rise to $3260, marking key milestones in Ether\u2019s bullish journey<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Can ETH Price Fall Back to $2000<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While the current market outlook for Ethereum price seems strongly bullish, the rising channel pattern in a strong rally can commonly lead to a decisive breakdown from the lower trendline. This breakdown would likely intensify the selling pressure and trigger a significant correction in ETH price. Thus, under the influence of this pattern, the Ethereum coin may revisit $2000 coin again<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Bollinger band: <\/b><span style=\"font-weight: 400;\">Despite the current retracement in the upper boundary of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band indicator<\/a>, indicates the recovery momentum is active.<\/span><\/li>\n<li aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">A lower high formation in the daily RSI slope reflects the weakening of buyers\u2019 strength in the market.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-rally-sets-a-15-jump\/&#038;text=Ethereum Price Prediction As Post-Correction Rally Sees 15% Jump Ahead\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/ethereum-price-prediction-rally-sets-a-15-jump\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/ethereum-price-prediction-rally-sets-a-15-jump\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/ethereum-price-prediction-rally-sets-a-15-jump\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA169613\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD169613\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Price Prediction: under the influence of a rising channel pattern, the ETH price rides a steady growth with a minor pullback, should you enter this dip Published 10 mins ago Ethereum Price Prediction: The cryptocurrency market witnessed a surge in volatility as the digital assets Bitcoin and Ethereum entered into a minor correction. This [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":213571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-213570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213570","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=213570"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213570\/revisions"}],"predecessor-version":[{"id":213572,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213570\/revisions\/213572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/213571"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=213570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=213570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=213570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}