{"id":551123,"date":"2023-09-13T14:00:14","date_gmt":"2023-09-13T14:00:14","guid":{"rendered":"https:\/\/wncen.com\/?p=551123"},"modified":"2023-09-13T11:04:29","modified_gmt":"2023-09-13T11:04:29","slug":"can-ethereum-tally-spring-highs-after-correction-top-analyst-shares-his-views","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/can-ethereum-tally-spring-highs-after-correction-top-analyst-shares-his-views\/","title":{"rendered":"Can Ethereum Tally Spring Highs After Correction? Top Analyst Shares His Views"},"content":{"rendered":"

Ethereum (ETH)\u00a0 is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. This uncertainty in Ethereum’s price has sparked discussions in the crypto community, especially in light of recent whale activity.<\/span><\/p>\n

Crypto analyst Bluntz, known for his insightful market predictions, has raised concerns about Ethereum’s short-term performance. He applies the Elliott Wave theory, a complex technical analysis method, to understand market sentiment and <\/span>predict future price movements<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Chainlink (LINK) Bullish Run Falters: Time To Brace For A Price Dip?<\/a><\/div>\n

The theory suggests that market trends follow a wave-like pattern, reflecting the ebb and flow of investor psychology. Bluntz believes that ETH will continue to experience a bearish trend in the coming weeks, possibly reaching around $1,440 before wrapping up its correction and rise.<\/span><\/p>\n

ETH Price: Decoding The Market Psychology<\/strong><\/h2>\n

In his recent social media update, <\/span>Bluntz shared a chart<\/span><\/a> indicating the potential for Ethereum to rally to $2,500 following the expected reversal. This projection highlights the intricacies of Elliott Wave theory, where market sentiment can shift in waves, often influencing cryptocurrency prices.<\/span><\/p>\n

\n

eth now right back at the lows flirting with a breakdown.<\/p>\n

looking for one more low, around $1440 will be a great spot to knifecatch imo if the markets kind enough to give it.$ETH<\/a> pic.twitter.com\/FroPhSL9wk<\/a><\/p>\n

\u2014 Bluntz (@Bluntz_Capital) September 11, 2023<\/a><\/p><\/blockquote>\n

Meanwhile, a significant whale movement in the Ethereum market has left many wondering about its implications. <\/span>According to WhaleAlert<\/span><\/a>, a whopping 21,938 ETH, equivalent to approximately $34.78 million, found its way into Coinbase’s wallets. Shortly thereafter, another 32,500 ETH, valued at around $51.3 million, was deposited into OKX, a prominent cryptocurrency exchange.<\/span><\/p>\n

\n

\ud83d\udea8 \ud83d\udea8 \ud83d\udea8 32,500 #ETH<\/a> (51,334,467 USD) transferred from unknown wallet to #OKEx<\/a>https:\/\/t.co\/WiRrtHHOy7<\/a><\/p>\n

\u2014 Whale Alert (@whale_alert) September 12, 2023<\/a><\/p><\/blockquote>\n

Whale Moves Shake The Ethereum Community<\/strong><\/h2>\n

Such large-scale transactions by cryptocurrency whales can send shockwaves through the market, potentially affecting supply and demand dynamics. The sudden influx of ETH into these exchanges raises questions about the intentions of these deep-pocketed investors. Are they positioning themselves for a long-term hold, or do they anticipate price movements that could favor their trading strategies?<\/span><\/p>\n

<\/p>\n

ETHUSD trading at $1,600 on the daily chart: TradingView.com<\/a><\/pre>\n
Per <\/span>CoinGecko<\/span><\/a>, ETH is currently trading at $1,596, with a 24-hour gain of 0.7% and a seven-day loss of 2.1%. These price fluctuations underscore the ongoing volatility in the crypto market and the need for investors to stay informed about the latest developments.<\/span><\/p>\n
Related Reading: Beyond XRP Euphoria And $0.5 Resistance: Bulls\u2019 Next Steps<\/a><\/div>\n
Keeping An Eye On Ether’s Movements<\/strong><\/h3>\n
Ethereum’s short-term future remains uncertain as it grapples with bearish trends, as predicted by crypto analyst Bluntz. The application of Elliott Wave theory offers a unique perspective on market sentiment. Additionally, the recent whale movements involving significant amounts of ETH add an element of intrigue and uncertainty to Ethereum’s price trajectory.\u00a0<\/span><\/p>\n
Crypto enthusiasts and investors will be closely watching these developments, as they may provide clues about the future direction of the cryptocurrency market.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>DutchReview<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH)\u00a0 is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. This uncertainty in Ethereum’s price has sparked discussions in the crypto community, especially in light of recent whale activity. Crypto analyst Bluntz, known for his insightful market predictions, has raised concerns about Ethereum’s short-term performance. He applies the Elliott Wave theory, a complex technical analysis method, to understand market sentiment and predict future price movements.\u00a0 Related Reading: Chainlink (LINK) Bullish Run Falters: Time To Brace For A Price Dip? The theory suggests that market trends follow a wave-like pattern, reflecting the ebb and flow of investor psychology. Bluntz believes that ETH will continue to experience a bearish trend in the coming weeks, possibly reaching around $1,440 before wrapping up its correction and rise. ETH Price: Decoding The Market Psychology In his recent social media update, Bluntz shared a chart indicating the potential for Ethereum to rally to $2,500 following the expected reversal. This projection highlights the intricacies of Elliott Wave theory, where market sentiment can shift in waves, often influencing cryptocurrency prices. eth now right back at the lows flirting with a breakdown. looking for one more low, around $1440 will be a great spot to knifecatch imo if the markets kind enough to give it.$ETH pic.twitter.com\/FroPhSL9wk \u2014 Bluntz (@Bluntz_Capital) September 11, 2023 Meanwhile, a significant whale movement in the Ethereum market has left many wondering about its implications. According to WhaleAlert, a whopping 21,938 ETH, equivalent to approximately $34.78 million, found its way into Coinbase’s wallets. Shortly thereafter, another 32,500 ETH, valued at around $51.3 million, was deposited into OKX, a prominent cryptocurrency exchange. \ud83d\udea8 \ud83d\udea8 \ud83d\udea8 32,500 #ETH (51,334,467 USD) transferred from unknown wallet to #OKExhttps:\/\/t.co\/WiRrtHHOy7 \u2014 Whale Alert (@whale_alert) September 12, 2023 Whale Moves Shake The Ethereum Community Such large-scale transactions by cryptocurrency whales can send shockwaves through the market, potentially affecting supply and demand dynamics. The sudden influx of ETH into these exchanges raises questions about the intentions of these deep-pocketed investors. Are they positioning themselves for a long-term hold, or do they anticipate price movements that could favor their trading strategies? ETHUSD trading at $1,600 on the daily chart: TradingView.com Per CoinGecko, ETH is currently trading at $1,596, with a 24-hour gain of 0.7% and a seven-day loss of 2.1%. These price fluctuations underscore the ongoing volatility in the crypto market and the need for investors to stay informed about the latest developments. Related Reading: Beyond XRP Euphoria And $0.5 Resistance: Bulls\u2019 Next Steps Keeping An Eye On Ether’s Movements Ethereum’s short-term future remains uncertain as it grapples with bearish trends, as predicted by crypto analyst Bluntz. The application of Elliott Wave theory offers a unique perspective on market sentiment. Additionally, the recent whale movements involving significant amounts of ETH add an element of intrigue and uncertainty to Ethereum’s price trajectory.\u00a0 Crypto enthusiasts and investors will be closely watching these developments, as they may provide clues about the future direction of the cryptocurrency market. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from DutchReview<\/p>\n","protected":false},"author":557,"featured_media":551136,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,16163,1946,8686,4735],"class_list":["post-551123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-eth-price","tag-ethereum","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nEthereum Set For Spring Highs After Correction: Top Analyst<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH)\u00a0 is facing a challenging period as crypto trader Bluntz predicts further bearish trends before a potential reversal. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Can Ethereum Tally Spring Highs After Correction? 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