DeFi Daily News
Tuesday, July 8, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum Flashes Bullish Divergence – Is A Rally On The Horizon?

Semilore Faleti by Semilore Faleti
February 1, 2025
in Ethereum
0 0
0
rewrite this title Ethereum Flashes Bullish Divergence – Is A Rally On The Horizon?
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

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 Accumulation Activity Amid Price Dip

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

However, a CryptoQuant market expert with the username Crypto Sunmoon has noted 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’s price is making lower lows while a momentum indicator is making higher lows, thereby hinting at a potential reversal or upward movement.

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’s profitability as investors expect buying pressure to surpass selling activity in the coming days.

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.

ETH Long-Term Holders Signal Strong Market Confidence 

In other news, IntoTheBlock reports that long-term holders of Ethereum currently boast an average holding time of 2.4 years showing massive confidence in Ethereum’s future value potential.

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.

At press time, ETH trades at $3,306 after a gain of 1.86% over the past day as earlier stated. Meanwhile, the asset’s 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.

Ethereum and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: BullishDivergenceEthereumFlashesHorizonRallyrewritetitle
ShareTweetShare
Previous Post

The enormity of this crash is ‘so painful’: Judge Jeanine

Next Post

rewrite this title and make it good for SEO A Complete Guide to 10KTF: The Celebrated NFT Workshop

Next Post
rewrite this title and make it good for SEO A Complete Guide to 10KTF: The Celebrated NFT Workshop

rewrite this title and make it good for SEO A Complete Guide to 10KTF: The Celebrated NFT Workshop

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title Slot’s answer to Gyokeres: Hughes lines up Liverpool move for “crazy” CF

rewrite this title Slot’s answer to Gyokeres: Hughes lines up Liverpool move for “crazy” CF

July 8, 2025
rewrite this title with good SEO Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details | Bitcoinist.com

rewrite this title with good SEO Ripple CTO Makes Major Revelations: Early XRP Entry, Mined Bitcoins — Here’s The Details | Bitcoinist.com

July 7, 2025
rewrite this title and make it good for SEOCGDG ETF: A Global Dividend Grower With Active Edge And Smart Diversification

rewrite this title and make it good for SEOCGDG ETF: A Global Dividend Grower With Active Edge And Smart Diversification

July 7, 2025
rewrite this title Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin – The Daily Hodl

rewrite this title Trader Says Matter of Time Before Crypto Breaks to New All-Time Highs, Updates Outlook on Bitcoin, Ethereum and One Other Altcoin – The Daily Hodl

July 7, 2025
rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

rewrite this title Here’s How All Major AI Platforms Stacked Up in a Harry Potter Sorting Hat Quiz – Decrypt

July 7, 2025
rewrite this title Gueye signs new Everton contract – Soccer News

rewrite this title Gueye signs new Everton contract – Soccer News

July 7, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.