Ethereum price could reach $1,800 or higher by end of February! Traders are relieved that ETH is trading up 33% YTD and ascending triangle pattern provides hope.
) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.
On the bright side, Ethereum Foundation developer Parithosh Jayanthi announced that the"Zhejiang" public testnet will be launched on Feb. 1. The implementation will allowdata to understand if pro traders are frustrated by the recent price rejection at the $1,680 level.Retail traders usually avoid quarterly futures due to their price difference from spot markets.
Traders will watch to see if Ether bulls are able to keep the price within the bullish triangle formation for the next two weeks, but if the macroeconomic environment allows, ETH derivatives point to a potential rally toward $1,800.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum (ETH) Price Analysis for February 2Does ETH have enough power for a rise to $1,700 within the next few days? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
Read more »
Ethereum: Can Decline in Inflation Affect ETH in February?Find out how $ETH managed to see drop in its inflation since beginning of 2023 ethereum
Read more »
Ethereum (ETH) Starts Making Moves Ahead of FOMC, Here's How Things May Turn OutLarge quantities of Ethereum are being moved on network ahead of important Fed decision
Read more »
Bitcoin, Ethereum Technical Analysis: ETH, BTC Marginally Higher Ahead of FOMC Meeting Results – Bitcoin NewsEthereum was marginally higher on Feb. 1, as markets prepared for the upcoming Federal Open Market Committee (FOMC) meeting results.
Read more »
Ethereum (ETH) Could Reclaim $2,000, Trader SaysThe second-largest cryptocurrency has been rallying ahead of the Shanghai update
Read more »
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETHOpinion: Roughly 14% of Ethereum's supply is going to begin unlocking in March. Here are some things to keep in mind as you ponder what that means for the price of ETH.
Read more »