Saturday, June 28, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Risk-To-Reward on Ethereum Looking ‘Too Good To Pass Up’ According to Crypto Analyst – Here’s Why

November 5, 2024
in Altcoin
Reading Time: 3 mins read
0 0
A A
0
Home Altcoin
Share on FacebookShare on TwitterShare on E Mail


A preferred on-chain strategist says Ethereum (ETH) is displaying an awesome risk-reward ratio setup.

Analyst Ali Martinez tells his 76,900 followers on the social media platform X that ETH seems to be forming a bullish ascending channel on the weekly timeframe.

“The chance-to-reward ratio on Ethereum is just too good to move up for an extended place! I’ve set my cease under $1,880 and am aiming for a goal of $6,000.”

Supply: Ali Martinez/X

Taking a look at his chart, the analyst suggests ETH is holding the underside pattern line of the ascending channel as help and will quickly re-test the higher certain at round $6,100.

Nevertheless, fellow crypto dealer Benjamin Cowen tells his 819,000 YouTube subscribers that based mostly on a historic sample of Ethereum bottoming out throughout the fourth quarter, he’s anticipating ETH drops to its logarithmic trendline, probably as little as $1,000.

“Once I take a look at the cycle, I see ETH at $2,400 and I simply assume that there’s a actually excessive chance that inside a few months, in all probability in lower than two months, we’ll look again at this and see that Ethereum lastly went dwelling and it took till This fall of 2024 to take action…

In 2016, you possibly can see that Ethereum lastly entered the decrease logarithmic correction trendline in mainly early to mid-November. In 2019, it entered it in August however then it received again above it after which didn’t actually durably keep in it till nearly late September and October.”

ETH is buying and selling for $2,409 at time of writing, down 2.1% within the final 24 hours.

Subsequent up, the analyst says that Dogecoin (DOGE) is signaling a bullish reversal on the TD Sequential indicator, which merchants use to foretell potential pattern reversals for tokens based mostly on the closing costs of their earlier 9 or 13 bars or candles.

“The TD Sequential indicator has flashed a purchase sign on the Dogecoin four-hour chart! If DOGE holds above the $0.141 help, we might see a rebound to $0.162.”

Image
Supply: Ali Martinez/X

He additionally means that if DOGE flips the $0.169 degree into help, the following resistance degree can be in sight.

“If Dogecoin DOGE breaks above the $0.169 resistance, we might see a 27% rally as much as $0.209!”

Image
Supply: Ali Martinez/X

DOGE is buying and selling for $0.162 at time of writing, up 7.4% within the final 24 hours.

Do not Miss a Beat – Subscribe to get electronic mail alerts delivered on to your inbox

Verify Worth Motion

Observe us on X, Fb and Telegram

Surf The Day by day Hodl Combine

&nbsp

Disclaimer: Opinions expressed at The Day by day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses chances are you’ll incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please observe that The Day by day Hodl participates in online marketing.

Generated Picture: Midjourney



Source link

Tags: AnalystcryptoEthereumgoodHeresPassRiskToReward
Previous Post

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Next Post

What Trump’s New Crypto Project Plans with a Dollar-Backed Stablecoin

Related Posts

Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons
Altcoin

Google’s Doppl Turns Clothing Photos Into Virtual Try-Ons

June 28, 2025
Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin
Altcoin

Financial Giant JPMorgan To Launch USD-Backed Deposit Token on Base As Coinbase’s Layer-2 Scaler Rolls Out Support for Cardano and Litecoin

June 27, 2025
Bit Digital’s Shift Triggers Market Slide
Altcoin

Bit Digital’s Shift Triggers Market Slide

June 27, 2025
Ledger Retires Nano S Support After Nearly a Decade
Altcoin

Ledger Retires Nano S Support After Nearly a Decade

June 26, 2025
Altcoins Could Ignite ‘Major Pump’ if These Two Things Happen, According to Analyst Kevin Svenson
Altcoin

Altcoins Could Ignite ‘Major Pump’ if These Two Things Happen, According to Analyst Kevin Svenson

June 26, 2025
AI, Identity and the Design of Future Learning | by SourceLess Labs Foundation | The Capital | Jun, 2025
Altcoin

AI, Identity and the Design of Future Learning | by SourceLess Labs Foundation | The Capital | Jun, 2025

June 26, 2025
Next Post
What Trump’s New Crypto Project Plans with a Dollar-Backed Stablecoin

What Trump's New Crypto Project Plans with a Dollar-Backed Stablecoin

HSM support for AWS KMS

HSM support for AWS KMS

Impact of U.S. Election on Stock Markets

Impact of U.S. Election on Stock Markets

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In