Ethereum Price Makes New 2023 High, Sets Sights On $3,000
Ethereum price action is pushing higher over the weekend, setting a new 2023 high. The move is also a significant sign that an uptrend is forming. Could $3,000 be the next stop for Ether? Ethereum Sets New 2023 High, Upt...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethereum price action is pushing higher over the weekend, setting a new 2023 high. The move is also a significant sign that an uptrend is forming. Could $3,000 be the next stop for Ether?
Ethereum Sets New 2023 High, Uptrend In ProgressETHUSD has struggled to catch up to Bitcoin’s unstoppable dominance throughout most of 2023, but that could soon change.
That’s because Ethereum is finally joining in on the bullish price action across crypto, making a new 2023 high.
The move is also a local higher high. A series of higher lows and higher highs is the pure definition of an uptrend. Ether has also satisfied the increasingly higher low market structure.
ETHUSD Ascending Triangle Targets $3,000 To $4,000Leaving $2,000 behind after weeks of consolidation above it immediately puts $3,000 in play. Ethereum is also breaking upward out of a 18-month-long ascending triangle pattern, with a target of $4,000 per ETH.
If the top altcoin makes it back to such levels, it has a strong chance given the recent momentum in the crypto market, to reach new all-time highs.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on NewsBTCRelated market context
How Buterin Complicates Ethereum’s Wall Street Pitch by Aiming at Bitcoin
Vitalik Buterin’s latest pivot in how Ethereum should be valued might make traditional Wall Street investors dizzy. The narrative...
Ethereum faces temporary issues due to cloud provider malfunction
Cloud dependency highlights Ethereum's vulnerability, urging diversification to ensure network resilience and uninterrupted user a...
U.S. Wholesale Inflation Hits 6.5%—What It Means for Bitcoin’s Next Move
Bitcoin’s inflation problem has a fresh complication. U.S. wholesale prices rose 6.5% over the year to October, their fastest annu...
US PPI Hits 6.5% as Bitcoin and Ether Edge Higher
Both headline inflation readings undershot forecasts, but interest-rate markets still favored a December Fed hike.... Read the ful...
Ether Price Dips Below $2K as Ethereum Foundation Dumps 5000 ETH in 5 Day
A wallet linked to the Ethereum Foundation sold another 1,000 ETH on Saturday, taking its five-day total to 5,000 ETH, or about $9...
Baillie Gifford adopts Ethereum as legal register for UK funds
Baillie Gifford's use of Ethereum as a legal register for UK funds signals a shift towards blockchain as a mainstream financial in...