{"id":254047,"date":"2024-02-26T02:21:28","date_gmt":"2024-02-25T20:51:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-ethereum-price-heading-to-3500-this-chart-pattern-offers-insight-crypto-news\/"},"modified":"2024-02-26T02:21:31","modified_gmt":"2024-02-25T20:51:31","slug":"is-ethereum-price-heading-to-3500-this-chart-pattern-offers-insight-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-ethereum-price-heading-to-3500-this-chart-pattern-offers-insight-crypto-news\/","title":{"rendered":"Is Ethereum Price Heading to $3500? This Chart Pattern Offers Insight &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span style=\"font-weight: 400;\">Ethereum Price: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/ethereum-price-forecast-4-factors-that-could-push-eth-to-4000-in-march\/\">ETH<\/a>, the second-largest cryptocurrency, experienced significant volatility this week, reflecting the consolidation of Bitcoin prices below $38,000. This sideways movement led to a decrease in bullish momentum across the crypto market, hindering the progress of most major cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite this, with the Bitcoin price stabilizing above $30,600, ETH witnessed a resurgence in buying interest. This surge pushed ETH\u2019s price beyond the psychological barrier of $3,000. Is this breakout a signal to enter the market?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/grayscale-eyes-ethereums-parabolic-run-post-dencun-tech-boost\/\">Grayscale Sees Ethereum\u2019s (ETH) Parabolic Run Post Dencun Upgrade<\/a><\/p>\n<h2><b>Is ETH Price Ready to Gain $3500?<\/b><\/h2>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/WgD3iAcx.png\" alt=\"BINANCE:ETHUSD Chart Image by sahilmahadik07\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Ethereum Price| Tradingview<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">The Ethereum (ETH) coin initiated its current recovery trendline in late January when the price showcased sustainability above $2166. This upswing recorded 41% over the past five weeks and reached the current trading price of $3062.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">The recovery was spared in response to the Bitcoin price rally, following the massive inflow of funds into the spot BTC ETG. The bull run gained further momentum as the Ethereum network steadily progressed to its much-awaited <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ethereum-dencun-upgrade-these-six-layer-2-platforms-to-benefit-the-most\/\">Dencun upgrade<\/a> scheduled for implementation at slot 8626176 around mid-March.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This week, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\/\">Ethereum price<\/a> traded majorly sideways resonating between the two horizontal levels of $3030 and $2875. Following an aggressive rally, the recent consolidation must have asserted the ETH price to recuperate strength.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">With an intraday gain of 3%, the altcoin gave a decisive breakout from the range\u2019s resistance and reclaimed the psychological level of $3000. If the coin price shows sustainability above the reclaimed level, the buyers may aim for a potential target of $3180, followed by $3280.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/eth-btc-chart-analysis-is-ethereums-rally-against-bitcoin-ushering-in-the-altcoin-season\/\">ETH\/BTC Chart Analysis: Is Ethereum\u2019s Rally Against Bitcoin Ushering In the Altcoin Season?<\/a><\/p>\n<h2><b>Channel Pattern Puts Ethereum Price at Risk of New Correction\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While the current market outlook for Ethereum seems bullish, a look at the daily chart shows the ongoing rally is strictly following the structure of an expanding channel pattern. With the coin price close to the pattern upper trendline at $3180, the ETH price may face intense supply to trigger a new correction.<\/span><\/p>\n<h2><strong>Technical Indicator<\/strong><\/h2>\n<ul>\n<li aria-level=\"1\"><b>Exponential Moving Average (EMA): <\/b><span style=\"font-weight: 400;\">A bullish crossover state between the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a>(20, 50, 100, and 200) indicates a strong uptrend in action.<\/span><\/li>\n<li aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">The ADX slope at a high of 41% indicates the buyers may soon hit exhaustion and need a minor pull to recuperate strength.\u00a0<\/span><\/li>\n<\/ul>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p class=\"m-0\">Related Articles<\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/is-ethereum-price-to-3500-this-chart-offers-insight\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/markets\/is-ethereum-price-to-3500-this-chart-offers-insight\/\"><br \/>\n  <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=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA182505\">\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=\"TabD182505\">\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><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/3-must-have-cryptos-for-every-portfolio\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"3 Must-Have Cryptos for Every Portfolio\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">3 Must-Have Cryptos for Every Portfolio <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/free-gemini-advanced-access-upgrade-your-google-one-now\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Free Gemini Advanced Access: Upgrade Your Google One Now!\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Free Gemini Advanced Access: Upgrade Your Google One Now! <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/can-dogecoin-really-reach-10\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Can Dogecoin Really Reach $10?\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Can Dogecoin Really Reach $10? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/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: ETH, the second-largest cryptocurrency, experienced significant volatility this week, reflecting the consolidation of Bitcoin prices below $38,000. This sideways movement led to a decrease in bullish momentum across the crypto market, hindering the progress of most major cryptocurrencies.\u00a0 Despite this, with the Bitcoin price stabilizing above $30,600, ETH witnessed a resurgence in buying [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":254048,"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-254047","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\/254047","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=254047"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254047\/revisions"}],"predecessor-version":[{"id":254049,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254047\/revisions\/254049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/254048"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}