{"id":415615,"date":"2020-02-23T02:30:36","date_gmt":"2020-02-23T02:30:36","guid":{"rendered":"https:\/\/wncen.com\/?p=415615"},"modified":"2020-02-23T00:53:39","modified_gmt":"2020-02-23T00:53:39","slug":"3-technical-factors-ethereum-explode-higher","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/3-technical-factors-ethereum-explode-higher\/","title":{"rendered":"These 3 Technical Factors Suggest Ethereum Will Soon Jump Higher, Pass $300"},"content":{"rendered":"
Like most other cryptocurrencies, Ethereum hasn’t had the best past few days. The second-largest cryptocurrency fell off a cliff on Wednesday, plunging from a price just shy of $290 to a price as low as $245, per data from TradingView<\/a>. ETH has since settled above $260, seemingly trying to establish some support before it decides where to go next.<\/p>\n According to a top analyst, Ethereum’s outlook for the next few days is currently leaning bullish. They pointed to a confluence of three technical factors to back this lofty sentiment.<\/p>\n According to trader RookieXBT, Ethereum is printing three signs (on the six-hour chart) that it is about to surge higher, breaking past the pseudo-double top formation that formed just shy of $290 over the past three weeks:<\/p>\n $ETH<\/a> \/ $USD<\/a><\/p>\n Bull thoughts on Ethereum:<\/p>\n – Price is printing an ascending triangle structure <\/p>\n – RSI creating a falling wedge structure <\/p>\n – Hidden Bullish Divergences as price makes higher lows, and RSI makes lower lows <\/p>\n An RSI breakout from wedge would be indicative.<\/p>\n \ud83d\udc02\ud83d\udc02\ud83d\udc02 pic.twitter.com\/rmEluzJqHQ<\/a><\/p>\n — RookieXBT \ud83e\uddf2 (@RookieXBT) February 22, 2020<\/a><\/p><\/blockquote>\nEthereum Is Printing a Flurry of Positive Signs<\/h2>\n
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