Ethereum has bounced back after a significant network disruption saw its value plummet. With BlackRock making a hefty $28.7 million investment, questions arise about a potential rebound. This article explores which cryptocurrencies might be poised for growth amid this renewed confidence. Ethereum Price Drifts, Eyeing Resistance as Potential Catalyst for Growth Source: tradingview Ethereum is currently bouncing between just under $2800 and over $3100. It's flirting with a resistance level just shy of $3300. If it breaks through, Ethereum could test a stronger ceiling at about $3600. That's a possible rise of nearly 15% from the top of the present range. Short-term, the coin has barely moved, with only a small increase this week. However, it's had a rough month, losing over 11%. But keep in mind, long-term holders have reason to celebrate, given the surge of over 21% over six months. The cryptocurrency market's pulse suggests Ethereum is a coin to watch closely. Conclusion ETH has shown resilience after a significant network disruption. The recent investment by BlackRock signals strong institutional interest. This can potentially boost confidence among other investors. If buying momentum continues, ETH may enter a sustained rally. The market will be closely watching these developments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Ethereum has bounced back after a significant network disruption saw its value plummet. With BlackRock making a hefty $28.7 million investment, questions arise about a potential rebound. This article explores which cryptocurrencies might be poised for growth amid this renewed confidence. Ethereum Price Drifts, Eyeing Resistance as Potential Catalyst for Growth Source: tradingview Ethereum is currently bouncing between just under $2800 and over $3100. It's flirting with a resistance level just shy of $3300. If it breaks through, Ethereum could test a stronger ceiling at about $3600. That's a possible rise of nearly 15% from the top of the present range. Short-term, the coin has barely moved, with only a small increase this week. However, it's had a rough month, losing over 11%. But keep in mind, long-term holders have reason to celebrate, given the surge of over 21% over six months. The cryptocurrency market's pulse suggests Ethereum is a coin to watch closely. Conclusion ETH has shown resilience after a significant network disruption. The recent investment by BlackRock signals strong institutional interest. This can potentially boost confidence among other investors. If buying momentum continues, ETH may enter a sustained rally. The market will be closely watching these developments. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
ETH Recovers After 23% Network Disruption — Can BlackRock’s $28.7M Buy Spark a Rebound Rally?
Ethereum has bounced back after a significant network disruption saw its value plummet. With BlackRock making a hefty $28.7 million investment, questions arise about a potential rebound. This article explores which cryptocurrencies might be poised for growth amid this renewed confidence.
Ethereum Price Drifts, Eyeing Resistance as Potential Catalyst for Growth
Source: tradingview
Ethereum is currently bouncing between just under $2800 and over $3100. It's flirting with a resistance level just shy of $3300. If it breaks through, Ethereum could test a stronger ceiling at about $3600. That's a possible rise of nearly 15% from the top of the present range. Short-term, the coin has barely moved, with only a small increase this week. However, it's had a rough month, losing over 11%. But keep in mind, long-term holders have reason to celebrate, given the surge of over 21% over six months. The cryptocurrency market's pulse suggests Ethereum is a coin to watch closely.
Conclusion
ETH has shown resilience after a significant network disruption. The recent investment by BlackRock signals strong institutional interest. This can potentially boost confidence among other investors. If buying momentum continues, ETH may enter a sustained rally. The market will be closely watching these developments.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Litecoin Forms Ascending Triangle: LTC Price Target $90 Breakout
Litecoin charts indicate a potential bullish move, forming an intriguing pattern. Market watchers are eyeing a significant price level, hinting at possible gains. Could the cryptocurrency be on the verge of a breakout towards $90? An analysis reveals which coins might be poised for growth amidst this trend. Powered by Outset PR, this analysis reflects the agency’s commitment to strategic, data-driven communication for the crypto industry. Litecoin Holds Steady Amid Market Fluctuations Source: tradingview Litecoin (LTC) prices currently range between $80 and $86. The coin is navigating a cautious path near its 10-day average of about $83. While the value has dipped around 5% over the week, its steady position above $80 suggests resilience. The nearest hurdle lies at $89, but if surpassed, LTC could aim for the $95 mark, representing a potential 10% increase from the lower end of its range. However, a dip below the $78 support might signal further decline. With an RSI below 35, LTC hints at being oversold, indicating a possible bounce. How Outset PR Leverages Data-Driven Approach in Crypto PR Outset PR connects market events with meaningful storytelling through a data-driven methodology rarely seen in the crypto communications space. Founded by PR strategist Mike Ermolaev, the agency approaches each campaign like a hands-on workshop—building narratives that align with market momentum instead of relying on generic coverage or templated outreach. Beyond just monitoring on-chain flows, Outset PR monitors the media trendlines and traffic distribution through the lens of its proprietary Outset Data Pulse intelligence to determine when a client’s message will achieve the highest lift. This analysis informs the choice of media outlets, the angle of each pitch, and the timing of publication. A key part of the agency’s workflow comes from its proprietary Syndication Map, an internal analytics system that identifies which publications deliver the strongest downstream syndication across aggregators such as CoinMarketCap and Binance Square. Because of this approach, Outset PR campaigns frequently achieve visibility several times higher than their initial placements. Outset PR ensures that each campaign is market-fit and tailored to deliver maximum relevance at the moment the audience is most receptive. Conclusion A current chart pattern shows strong potential for an upward move to $90 for LTC. The ascending triangle suggests bullish momentum. Market sentiment appears positive, and technical indicators support a breakout scenario. Investors are watching for a breach of the current resistance level. Traders should monitor any significant movements closely. A successful breakout could lead to continued gains. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Share
Coinstats2025/12/07 18:00
Ether.Fi Joins Token Buyback Frenzy: Community Proposes $50M Allocation
ether.fi’s community has introduced a proposal to allocate $50 million toward ETHFI token buybacks below $3. The post Ether.Fi Joins Token Buyback Frenzy: Community Proposes $50M Allocation appeared first on Coinspeaker.
Share
Coinspeaker2025/10/31 20:18
Stellar Integrates With Space and Time to Power Data-Driven Smart Contracts
Space and Time adds Stellar indexing, giving developers smoother access to trusted onchain and external data. Upcoming X Ray upgrade brings zk features that support privacy tools while keeping activity verifiable across the network. Stellar has linked with Space and Time to support data-focused smart contracts. The partnership brings indexed blockchain data into the Stellar [...]]]>
Share
Crypto News Flash2025/12/07 19:44