Top Crypto Investment News, Listings, Member Posts, Crypto Investment Daily Indices and more!

4yrs ago Crypto newsbtc Views: 272

Ethereum (ETH) has found itself caught within a firm upwards trend over the past month, which has come about in tandem with the uptrend seen by the aggregated crypto markets throughout 2020. This momentum reached a boiling point yesterday evening when Bitcoin rallied to fresh 2020 highs of $9,500 before finding some resistance, which in turn lead most major altcoins to also post decent gains. This market-wide bullishness maybe opening the gates for Ethereum to see a significant upwards movement in the near-term that could lead it back up towards its previously established all-time highs. Ethereum Gains Foothold Within the $170 Region as Markets Show Overt Bullishness At the time of writing, Ethereum is trading up just under 3% at its current price of $176, which marks a notable climb from its daily lows of under $170 that were set just prior to the crypto’s massive upwards movement. In the near-term it does appear that ETH will closely track Bitcoin’s price action, as it has struggled to garner any independent momentum throughout the year. As for where Ethereum’s near-term support currently exists, analysts are closely watching to see how it responds to $172, as a visit to this level could catalyze a notable rally that leads to crypto to post sizeable gains. “ETH: I will be looking to buy the dip around $172 if it presents itself. Confluent level of monthly support (Sep. Open), weekly support (S/R flip), & 1D bullish breaker after a sweep at the lows.  If we drop from here the equal highs just below resistance will be the target,” HornHairs, a popular cryptocurrency analyst on Twitter, explained in a recent tweet. $ETH I will be looking to buy the dip around $172 if it presents itself. Confluent level of monthly support (Sep. Open), weekly support (S/R flip), & 1D bullish breaker after a sweep at the lows. If we drop from here the equal highs just below resistance will be the target. pic.twitter.com/FdCQ5Tr6uK — HornHairs - (@CryptoHornHairs) January 29, 2020 Could ETH Soon Rally Towards $1,000? If the markets do see further upwards momentum and Ethereum’s bulls continue to defend the support at $172, it is possible that the crypto could garner enough momentum to break through its resistance at $190 – with a break above this level potentially leading ETH to move towards $870. CryptoWolf – a popular cryptocurrency analyst on both Twitter and TradingView – mused this possibility in a recent chart on TradingView, in which he points to the two key resistance levels mentioned above. Image Courtesy of CryptoWolf How the markets trend in the coming few days will likely provide insight into whether or not this latest movement is more than just another lower-high, and if major altcoins like ETH could soon inch back towards their previously established all-time highs. Featured image from Shutterstock. on NewsBTC.

Today's Crypto Investment Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.