{"id":419672,"date":"2020-04-01T17:00:02","date_gmt":"2020-04-01T17:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=419672"},"modified":"2020-04-01T16:13:14","modified_gmt":"2020-04-01T16:13:14","slug":"ethereum-could-see-sharp-rally-to-170-if-it-posts-this-insanely-bullish-breakout-pattern","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-could-see-sharp-rally-to-170-if-it-posts-this-insanely-bullish-breakout-pattern\/","title":{"rendered":"Ethereum Could See Sharp Rally to $170 if it Posts This Insanely Bullish Breakout Pattern"},"content":{"rendered":"<p>Ethereum and the aggregated cryptocurrency market has seen a slight selloff overnight that was catalyzed by Bitcoin\u2019s decline to the lower $6,000 region. This plunge has not impacted ETH in the same way it has other altcoins, as the crypto is currently significantly outperforming the market.<\/p>\n<p>One analyst is now noting that there are a few key technical factors that he is closely watching for insight into where Ethereum will trend next, with the crypto offering some conflicting signals.<\/p>\n<p>Importantly, ETH is on the cusp of confirming a highly bullish technical formation that could lead it to see a massive rally, should bulls gain enough strength to complete the pattern.<\/p>\n<h2><strong>Ethereum Outperforms Bitcoin and Other Altcoins Amidst Market-Wide Downturn<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2020\/03\/27\/ethereum-buy-signal-hints-at-sustained-bitcoin-outperformance\/\">Ethereum<\/a> is trading down just under 1% at its <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow\">current price<\/a> of $132, which marks only a slight decline from daily highs of $134 that were set yesterday.<\/p>\n<p>ETH\u2019s ongoing bout of sideways trading marks an extension of that which it has been facing throughout the past couple of days, with it holding up surprisingly well against Bitcoin.<\/p>\n<p>Bitcoin has incurred some slight downwards pressure today that caused it to reel down over 3% to its current price of $6,250, leading many major altcoins to decline in tandem.<\/p>\n<p>Although ETH\u2019s outperformance of Bitcoin is overtly bullish, it is important to note that Josh Olszewicz \u2013 a popular cryptocurrency analyst on Twitter \u2013 explained that it is currently sending mixed signals.<\/p>\n<blockquote><p>\u201c4h ETH tri w\/desc vol. Daily bbands leaning bull. 50\/50 overall. 200 if up, hopefully not 0 if down,\u201d he noted while pointing to the technical formations seen chart seen below.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">4h <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> tri w\/desc vol<\/p>\n<p>daily bbands leaning bull<\/p>\n<p>50\/50 overall<\/p>\n<p>200 if up, hopefully not 0 if down lol <a href=\"https:\/\/t.co\/ANmuMmidNl\" rel=\"nofollow\">pic.twitter.com\/ANmuMmidNl<\/a><\/p>\n<p>&mdash; #333kByJuly2025 (@CarpeNoctom) <a href=\"https:\/\/twitter.com\/CarpeNoctom\/status\/37400832?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>This Potential Breakout Pattern Could Send ETH Rallying Significantly Higher<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>Olszewicz also went on to explain that any further upwards momentum could allow <a href=\"https:\/\/wncen.com\/2020\/03\/23\/ethereum-taps-key-resistance-during-overnight-surge-will-it-break-through\/\">ETH<\/a> to post a cloud breakout, with confirmation of this opening the gates for it to see a sharp rally up towards $170.<\/p>\n<blockquote><p>\u201cCloud breakout will be obvious, if it occurs. Should move quickly to 170,\u201d he noted while referencing the cloud seen on the below chart.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">cloud breakout will be obvious, if it occurs<\/p>\n<p>should move quickly to 170 <a href=\"https:\/\/t.co\/8P9M3Nghqg\" rel=\"nofollow\">pic.twitter.com\/8P9M3Nghqg<\/a><\/p>\n<p>&mdash; #333kByJuly2025 (@CarpeNoctom) <a href=\"https:\/\/twitter.com\/CarpeNoctom\/status\/68039168?ref_src=twsrc%5Etfw\" rel=\"nofollow\">April 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In order for this bullish technical formation to be confirmed, it is imperative that bulls are able to continue decoupling <a href=\"https:\/\/wncen.com\/2020\/03\/20\/ethereum-just-broke-a-key-technical-level-opening-the-gates-for-an-explosive-rally\/\">Ethereum<\/a> from Bitcoin and further extend its independent upwards momentum.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum and the aggregated cryptocurrency market has seen a slight selloff overnight that was catalyzed by Bitcoin\u2019s decline to the lower $6,000 region. This plunge has not impacted ETH in the same way it has other altcoins, as the crypto is currently significantly outperforming the market. One analyst is now noting that there are a few key technical factors that he is closely watching for insight into where Ethereum will trend next, with the crypto offering some conflicting signals. Importantly, ETH is on the cusp of confirming a highly bullish technical formation that could lead it to see a massive rally, should bulls gain enough strength to complete the pattern. Ethereum Outperforms Bitcoin and Other Altcoins Amidst Market-Wide Downturn\u00a0 At the time of writing, Ethereum is trading down just under 1% at its current price of $132, which marks only a slight decline from daily highs of $134 that were set yesterday. ETH\u2019s ongoing bout of sideways trading marks an extension of that which it has been facing throughout the past couple of days, with it holding up surprisingly well against Bitcoin. Bitcoin has incurred some slight downwards pressure today that caused it to reel down over 3% to its current price of $6,250, leading many major altcoins to decline in tandem. Although ETH\u2019s outperformance of Bitcoin is overtly bullish, it is important to note that Josh Olszewicz \u2013 a popular cryptocurrency analyst on Twitter \u2013 explained that it is currently sending mixed signals. \u201c4h ETH tri w\/desc vol. Daily bbands leaning bull. 50\/50 overall. 200 if up, hopefully not 0 if down,\u201d he noted while pointing to the technical formations seen chart seen below. 4h $ETH tri w\/desc vol daily bbands leaning bull 50\/50 overall 200 if up, hopefully not 0 if down lol pic.twitter.com\/ANmuMmidNl &mdash; #333kByJuly2025 (@CarpeNoctom) April 1, 2020 This Potential Breakout Pattern Could Send ETH Rallying Significantly Higher\u00a0 Olszewicz also went on to explain that any further upwards momentum could allow ETH to post a cloud breakout, with confirmation of this opening the gates for it to see a sharp rally up towards $170. \u201cCloud breakout will be obvious, if it occurs. Should move quickly to 170,\u201d he noted while referencing the cloud seen on the below chart. cloud breakout will be obvious, if it occurs should move quickly to 170 pic.twitter.com\/8P9M3Nghqg &mdash; #333kByJuly2025 (@CarpeNoctom) April 1, 2020 In order for this bullish technical formation to be confirmed, it is imperative that bulls are able to continue decoupling Ethereum from Bitcoin and further extend its independent upwards momentum. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":419456,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[65296,1946,8686],"class_list":["post-419672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-ethbtc","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum Could See Sharp Rally to $170 if it Posts This Insanely Bullish Breakout Pattern<\/title>\n<meta name=\"description\" content=\"Ethereum is on the cusp of confirming a highly bullish technical formation that could lead it to see a massive rally up towards $170 or higher.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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