{"id":364402,"date":"2025-02-01T18:13:41","date_gmt":"2025-02-01T12:43:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=364402"},"modified":"2025-02-01T18:13:41","modified_gmt":"2025-02-01T12:43:41","slug":"ethereum-flashes-bullish-divergence-is-a-rally-on-the-horizon-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-flashes-bullish-divergence-is-a-rally-on-the-horizon-crypto-news\/","title":{"rendered":"Ethereum Flashes Bullish Divergence \u2013 Is A Rally On The Horizon? – Crypto News"},"content":{"rendered":"

<\/p>\n

The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to trading data from CoinMarketCap<\/a>, the popular altcoin has recorded negative growth since December 2024 despite some significant gains in the past month. Interestingly, underlying market activity points to a potential price breakout.\n<\/p>\n

Ethereum Sees Strong Accumulation Activity Amid Price Dip<\/strong><\/h2>\n

Ever since touching the $4,000 price mark,<\/a> Ethereum has slipped into a downtrend falling as low as $3,000. Amidst notable gains by Bitcoin<\/a> in January, Ethereum continues to struggle hitting consistent lower lows during this period.<\/p>\n

However, a CryptoQuant market expert with the username Crypto Sunmoon has noted<\/a> an increase in market buying volume amidst the current price dip indicating a bullish divergence in the ETH market. For context, a bullish divergence occurs when an asset\u2019s price is making lower lows while a momentum indicator is making higher lows, thereby hinting at a potential reversal or upward movement.<\/p>\n

As for Ethereum, the increase in buying volume amid falling prices indicates a strong demand from buyers especially at the current price levels. This development further suggests a strong confidence in the asset\u2019s profitability as investors expect buying pressure to surpass selling activity in the coming days.<\/p>\n

Based on historical data, Crypto Sunmoon predicts Ethereum may experience a price surge such as the one in May 2024 when a similar bullish divergence last occurred. During that month, ETH rose by over 21% suggesting the altcoin will likely return to $4,000 if the projected price breakout occurs, according to current market prices.\n<\/p>\n

ETH Long-Term Holders Signal Strong Market Confidence\u00a0<\/strong><\/h2>\n

In other news, IntoTheBlock reports<\/a> that long-term holders of Ethereum currently boast an average holding time of 2.4 years showing massive confidence in Ethereum\u2019s future value potential.<\/p>\n

However, Ethereum faces other issues including an absence of short-term participants which prevents ETH from experiencing significant levels of speculative trading that can drive up price appreciation. Furthermore, the rapid growth of layer 2 solutions such as Optimism, and layer 1 blockchains such as Solana are also tampering with the potential market demand and attention for Ethereum.<\/p>\n

At press time, ETH trades at $3,306 after a gain of 1.86% over the past day as earlier stated. Meanwhile, the asset\u2019s daily trading volume has increased by 55.69% resulting in a value of $30.3 billion. On larger time frames, Ethereum is also up by 0.22% on its weekly chart but down by 2.27% on its monthly chart leaving much to desire for many short-term investors.<\/p>\n

\"Ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of Ethereum (ETH) has shown some significant change in the past day rising by 1.86%. However, according to trading data from CoinMarketCap, the popular altcoin has recorded negative growth since December 2024 despite some significant gains in the past month. Interestingly, underlying market activity points to a potential price breakout. Ethereum Sees Strong […]<\/p>\n","protected":false},"author":2,"featured_media":364404,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-364402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364402","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=364402"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364402\/revisions"}],"predecessor-version":[{"id":364407,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/364402\/revisions\/364407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/364404"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=364402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=364402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=364402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}