CandleFocus Analyst Hints at Ethereum Price Repeating 2,738% Rally Pattern From 2016
2024-11-04
Author: Content Editor
The price of Ethereum has been consolidating between $2,700 and $2,340 without a clear breakout in sight. However, there are indicators that suggest a potential rally in the future. Analysts have pointed out that the ETH/BTC chart is resembling a pattern seen in late 2016 when Ethereum rallied 2,738% over the following months. While a similar surge is unlikely in today's market, even a fraction of that rally could result in significant gains. The daily on-chain transaction volume in profit has been consistently higher than transactions in loss, indicating bullish sentiment and potential demand for Ethereum. For a breakout to occur, Ethereum needs to flip $2,700 into support, which could pave the way for a rise to $3,000 and encourage new buying. However, if Ethereum loses support at the uptrend line and drops to $2,344, it could face increased bearish pressure.
Related News
‘Tomarket’ Telegram Game Reverses Airdrop Ban for ‘Sizable’ Number of Players Terra Luna Classic Burns LUNC And USTC Holdings, LUNC Price To $1? The Latest AI Predictions Favor Kamala Harris For the Win UK Pension Fund Cartwright Discloses 3% Allocation To Bitcoin 2024 US Elections: What's Harris and Trump’s Take on Crypto Regulation? Crypto volatility stalls as investors await US election outcome – Bitfinex How to become a crypto ambassador: From community member to influencer ? BREAKING: BlackRock’s Cryptocurrency Fund to Launch on Surprise Altcoin Network Hamster Kombat Price Risks $0.001 Breakdown Amid Massive User Exodus? Tomorrow will decide major Senate race in US crypto’s election efforts Ethereum Holds Support at $2,087: Can It Rally to $6,000? Analyst Hints at Ethereum Price Repeating 2,738% Rally Pattern From 2016 Memecoin trading tool Hype launches ‘President Memecoin Index’ ahead of Election Day Semler Scientific Added 47 Bitcoins to Holdings, Bringing Stack to 1,058 Tokens Trump odds tank on Polymarket as whale dumps $3M, following GCR’s tweet Beyond the Price Surge: How Economic Pressures and Election Year Uncertainty Impact AAVE Fundstrat’s Tom Lee Says Markets Set To Rally Into Year-End Regardless of Election Winner 4 Key Takeaways From 'State of Solana Q3 2024' By Messari Crypto traders bet millions on squirrel-themed memecoins as story of a euthanized pet named Peanut becomes an election issue South Koreans pay 2.2% higher prices for Bitcoin as FOMO kicks in Bitget, MultiversX, and P2P.org Collaborate for Enhanced User Experience Weighing the Harris/Trump crypto impact on Election Eve Musk could be charged after lawyer says $1M winners ‘not chosen by chance’ VanEck counters skepticism, highlights Solana's high transaction allure Smart Solana Investor Sells 265,070 $SOL, Reaping Huge Gains Solana-based confidential computing startup acquires Web2 competitor 3 reasons why Bitcoin price bottom could have been $67.3K Shiba Inu’s Marketing Lead Shares Crypto Insights Before Elections Here's Why This Bitcoin Market Cycle Is Different Bitcoin Price’s Rally Beyond $70,000 Stalled by Whales Awaiting US Election Results Dogecoin Price Holds Key Support, Analyst Eye $0.162 Rally Internet Computer cross-chain protocol usage up 13x amid Bitcoin DeFi boom Bitcoin Whales Continue Accumulation Amid Price Drop Below $70,000 Can NEAR Coin Survive the Election Impact? Collectify Teams Up with XSTAR for Revolutionary Humanity Verification Binance Penalized This Altcoin for Continuously Falling Price The DAO dilemma: Striving for decentralization Crypto Leaders Rally for John Deaton in Senate Race U.S. Election Betting: Polymarket 'Manipulation' Claims Miss the Mark The US Should Establish A Strategic Bitcoin Reserve 'There's No Catch': Bitcoin Mining Startup Promises Free Money to Renewable Energy Companies Ubisoft’s new Champions Tactics NFT game was unplayable this weekend Kaspa’s (KAS) 28% Drop Sparks Fears of a Deeper Downtrend Here Is Why ApeCoin (APE) Price Could Correct Even Further 3 Solana Coins That Could 10X if SOL Hits $1,000 Upcoming US elections poised to influence crypto legislation in 2025: Here’s what could happen next US presidential winner prediction market crosses $3 billion on Polymarket a day before the election Weekly Cryptocurrency Market Analysis: Altcoins Maintain Uptrend While Cryptos Overcome Selling Pressure Bitcoin price volatility expected ahead of US elections: Here are the price levels to watch Dogecoin Price Flies While Bitcoin Falls as Elon Musk Continues Trump Push How are Telegram mini apps useful for e-commerce, media and automation? Franklin Templeton Signals Confidence in Blockchain’s Financial Future As U.S. votes, Bitcoin flirts with $70k — which way will it break? Riot Platforms mined 505 BTC in October, a 23% increase Solana Blockchain Reaches Highest Number of Users in Its History! Here Are the Details Cardano Price Crash Likely as Foundation Plans to Sell $500M ADA High-Stakes Bets: Crypto Whale Bets Millions on Trump’s Election Victory Christine Lagarde Backs Payment System Interoperability for Easier Global Transfers SEC publishes NYSE Arca’s proposal to uplist Grayscale fund COTI CEO: ‘Privacy is a Building Block’ Crypto’s most popular AI ‘bot’ Truth Terminal can’t launch its own website Cardano (ADA) Rally Hopes Fade Amid Flat Price Action and Declining Open Interest 3 bold Bitcoin price predictions as the US Election nears finishline AVAX Price Risks 25% Crash Following Bearish Signal Confirmation Is SUI Price Ready for a Breakout? Analyst Sees Path to $10 Long-Term Is XRP Undervalued? New Model Suggests Fair Value of $3,541 State of Michigan's state pension fund discloses over $10 million worth of Ethereum ETF holdings Bitcoin Hits Record High Against BlackRock's U.S. Treasury ETF as Investors Search for Returns: Van Straten Bearish Indicators Keep Dogecoin (DOGE) Price Under Pressure Is Ethereum Price a VC Pump and Dump? EigenLayer bolsters restaking with Bitcoin yield, P2P.org payouts OpenSea CEO teases new platform built 'from the ground up' a year after talk of version 2.0 First UK pension fund invests 3% of assets to Bitcoin Price analysis 11/4: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Andrew Tate’s crypto crashes over 40% after scam claims Shiba Inu (SHIB) Stuns Dogecoin With Triple-Digit Whale Transaction Boost Neo News: Week in Review – October 28 – November 3 Live Countdown to US Elections 2024: What’s at stake for crypto BTC, ETH and XRP Price Prediction for November 4 Bitcoin scammers impersonate police, Sunray Finance $2.7M drain: Crypto-Sec SOL and BNB Price Prediction for November 4 XRP Price Eyes Bullish Divergence: Possible Scenarios Crypto whales bet big on Trump win ahead of US election Sky co-founder proposes no new emissions for core token XRP Holders in the Red as Profitable Supply Sinks to New Lows Top Meme Coin PEPE Receives Major Boost From Robinhood in Europe Michael Saylor's MicroStrategy Stock Eyes Epic Milestone in Next Two Days 3 signs Ethereum price is in trouble below $2,500 Flamingo prepares for FLOCKS launch with FLUND migration adjustments 'Indestructible Bitcoin' Tweet Issued by Jeremie Davinci as BTC Seeks to Regain $70,000 Ethereum white paper turns 11, celebrating blockchain’s ‘foundational’ layer From hype to reality: what meme coin presales reveal about Trump and Harris Suspected ENS Investor Transfers 154,000 Tokens to Binance XRP Skyrockets 54% in Volumes as Market Recovers From $229 Million Sell-Off Charles Hoskinson Reveals True Cost of Building Cardano Toncoin is at risk as HMSTR, Catizen, Notcoin, and burn volume dive TON Accelerator unveils $5m program to drive cross-chain product growth Top DeFi Projects Based on Monthly TVL Growth ADA Slips Below $0.3389 Level, Deeper Downtrend Looming? 51,710 Bitcoin Whale Withdraws 2,000 BTC From Bybit – Community Abuzz TROY token price surges after exchange listings but flirts with overbought territory Crypto Fundraising Platform Legion Taps Bluprynt to Foster MiCA-Compliant ICOs in EU Bitcoin is further away from all-time high than you think SOL Dominates Solana Network as WIF and POPCAT Follow Wall Street Bitcoin Giant MARA Flexes Mining Muscle with 14% Hashrate Surge AI sets date when XRP will hit $1 BlackRock Makes History as $2.1 Billion Enter Bitcoin Market Privacy Coins: Monero, ZCash, and How They Work Ethereum Technical Analysis: ETH Hovers in Consolidation as Bears Maintain Control According to QCP Capital’s Analysis, Bitcoin Options Saw Heavy Buying at This Price in Late November! Here Are the Details Will Bitcoin Price Crash After US Elections? Crypto Sentiment Shifts as U.S. Election Nears: Bitcoin Analysis Bernstein Projects Bitcoin to Hit $200,000 by End of 2025 Andreessen Horowitz Donates $23M to Crypto Super Pac Fairshake for 2026 Elections Ethereum Price Is Surging, Will It Hit $6,000? SUI Price Stalls as TVL Wavers Near $1 Billion Milestone Gemini Multisig Wallet Bags $113M In SHIB, PEPE, ETH, & This Crypto Binance Research Explores 2024’s Meme Coin Boom 3 Altcoins to Watch in the First Week of November 2024 Uniswap Price Could Dive 31% as Whales Dump UNI DOGE, XRP Surprisingly Outperformed All Cryptos Hong Kong’s OSL Group acquires Japanese crypto exchange CoinBest Bitcoin Not a Threat to US Dollar, Donald Trump Asserts Celestia price recovery expected as TIA becomes oversold after recent dip Standard Chartered-backed Zodia Custody aims to raise $50m in funding round 200 Billion Shiba Inu (SHIB) Suddenly Land in Top US Exchange's Wallet Pepe Coin Price Prediction: Analysts Forecasts 1,400% Surge as Historical Patterns Resurface POPCAT Funding Rate Suggests Traders Doubt $2 Surge PONKE spikes 10% after Binance announces perpetual contract listing Expert Says Shiba Inu 89,030% Surge Could Repeat Sooner Than Expected 84.9 Million Dogecoin (DOGE) Liquidated in Split Long and Short Losses Will Chainlink Price Crash 45% After Hitting A 50-Month Low Against BTC? VeChain Spotlighted in Academic Study: Blockchain’s Role in E-Commerce Carbon Reduction Decentralized Prediction Markets: The Next Frontier in DeFi? Bitcoin Technical Analysis: Consolidation Continues as Market Tests Key Levels Binance Reveals Strategy to Introduce Crypto to the Next Billion Users Is Dogwifhat’s Price Decline Signaling a Buying Opportunity? Markets Locked in on US Elections! Will Bitcoin Rise Continue? Here Are Analysts' Views Why Ripple’s $125 million fine won’t go to the SEC, despite XRP lawsuit 100 More Shiba Inu (SHIB) Whales in 24 Hours: What's Happening? Grayscale Eyes Solana Ecosystem: JUP, PYTH, and HNT in Focus Solana Smart Whale Sells $44M SOL For Profit, What's Next? Solana (SOL) 8% Dip Sparks Concerns for 2024 Recovery Hopes for recovery dashed after ‘altcoin reckoning’ market stage arrives IOTA’s Asset Tokenization Path: Researcher Analyzes DeFi and Tokenization’s $68 Trillion Future 79.92% of Ethereum Addresses Currently in Profit 4 Altcoins Primed for 2025 Bull Market CoinShares: Crypto investment inflows hit record $29.2b YTD Matrixport Draws Attention to US Elections in Bitcoin Report! Here Are the Details German tradFi giants confirm trial to mine Bitcoin with surplus energy to stabilize grid Peter Brandt Projects $97K Bitcoin Target Following Major Triangle Breakout Solana Price Gears Up For $200, Expect "Fireworks," Says Analyst UAE Tokenizes US Treasury Bills, Bridging Traditional Finance and DeFi Binance's Former CEO CZ Weighs in on Justin Sun's Complain About Coinbase's Huge Listing Fee Gigantic XRP Whale Birthed With 104 Million XRP Shift Bitcoin Likely to Rally After the U.S. Election, Irrespective of Who Wins, History Shows: Van Straten MICHI leads top 300 altcoins with 15% rally following CEX listing Shiba Inu (SHIB) Rockets 361% in Whale Activity: Bullish? Is The Bitcoin Bull Market Over? Analyst Reveals Bear Case That Could Send Price To $28,000 US election vs. Fed rate cut — 5 Things to know in Bitcoin this week Will Toncoin (TON) Hold at $4.65 Trigger a Triangle Breakout? JUST IN! Binance Announced Its New Altcoin Listed, Price Sudden Rise! Bitcoin (BTC) Lost $2 Billion, Here's How Ripple CTO Criticizes Elon Musk for Supporting Donald Trump Is Bitcoin's Drop a Buying Opportunity? Five Giant Whales Said "Yes" and Bought $192 Million Worth of BTC in Four Days! What Would It Take for Shiba Inu Price to Hit $1? Indian police probe $2.7m crypto scam promising fixed returns Pakistan moves to legalize crypto as government signals shift in financial policy The market awaits Fed’s interest rates announcement this week on November 7th Bitcoin and Altcoins Stay Calm Ahead of US Election Day (Market Watch) Operation Chokepoint 2.0 Raises Barriers for Crypto, Ripple CEO Warns Celestia (TIA) 27% Decline Leaves It Oversold, Setting Stage for Rebound Here's When ‘SHIB’ Can Become Big Red Flag – SHIB Team Warns Shiba Inu Team Says SHIB is Only ERC-20 Token in Top 10, Loyal to Ethereum Since Day One KuCoin Token Eyes $9 Break as Double Bottom Signals Reversal Citi, Fidelity Exhibit Proof-of-Concept for Real-Time Forex Swap Onchain ‘The Stage Is Set’ – Real Vision Analyst Jamie Coutts Says Several Metrics Flashing Green for Bitcoin Ripple SVP: Blockchain for Good with Internet of Value Bodega by Cardano: Beta Launch of New Prediction Market U.S. Spot Bitcoin ETFs Saw $2.22B Worth of Total Net Inflows Last Week Chartered Technician Identifies Potential Bitcoin Gravestone Doji Pointing to Imminent Slump 'Simply Not True': TRON's Justin Sun Debunks Binance Listing Rumors CryptoPunks Dominate the Top NFT Sales Last Week 0 Shiba Inu in 24 Hours, What's Happening? Top Cheap NFTs for November 2024 5 Token Unlocks to Watch This Week Will Dogecoin Give a Second Flag Breakout? Analyst Eyes Rally to $0.162 Bullish Shiba Inu (SHIB) Signal Here as Price Shows 0% Volatility Expert Says We Are Locked and Loaded for an XRP Surge Former Linqto Exec Sues Firm Selling Ripple Shares for Fraud, Market Manipulation Trump based cryptocurrencies rally over 100% ahead of election day Streamlining Ethereum, Innovative Strategies for Efficient Layer 2 Transactions Here’s What’s Stopping XRP Move From $0.50 to $1 Analyst Says Buy XRP Before $14, Citing Global Liquidity Rise and Bollinger Bands Squeeze Investor interest in SUI is fading away after fall from ATH Justin Sun: $80M Listing Fee on Coinbase, None on Binance ADA Price Forecast: Is a Retest of Three-Month Highs on the Horizon? Avalanche Set to Soar: Is a 12% AVAX Rally Imminent? Ethereum Leads Top Blockchains Based on Total Value Locked PEPE Eyes Resistance After Holding $0.00008500 Support Level Top Crypto Gainers of The Today: $SD, $BZZ, $NEST Leading the Pack Colorado Resident Scammed Out of Thousands in Bitcoin by Fake Jury Duty Call PEPE Price’s 15% Plunge Creates “Opportunity Zone” For Buyers The potential rally of the cryptocurrency price Cardano (ADA) BBVA Debuts Tokenized Fund in Spain's Sandbox XRP in Green After Bullish Signal Analyst Says Most Aggressive Wave to the Upside Still To Come for Bitcoin – But There’s a Big Catch Trump dump: Crypto liquidations hit $350M as Bitcoin drops below $69K XRP Price Analysis 2024: Red, Yellow, Blue Zones Explained Ethereum’s Consolidation Phase: Could Demand Shift Post-U.S. Elections? Bitcoin Outperformed NVIDIA, Google, Amazon In Rewards Per Risk In October 2024 XRPL Price Oracle Launch Enhances Institutional DeFi Capabilities on XRP Ledger Tether is not planning to build a blockchain, says CEO Paolo Ardoino Henrik Zeberg Doubles Down on Bitcoin Price Prediction, Says Stock Market Nearing Top How 'Off the Grid' Could Impact the Future of Blockchain Games Will Uniswap’s $2 Trillion Milestone Spark a Recovery for UNI Amidst Ongoing Downtrend? Singapore Pushes for Commercialization of Tokenization Bitcoin Set for $6K-$8K Seesaw as U.S. Elections Enters Final Stretch: Analyst ‘Grand finale of altcoin reckoning’ soon, warns crypto trader Early Riches Doom Most Crypto Projects – Naval Ravikant Hamster Kombat (HMSTR) Hits All-Time Low, But There’s A Catch Circle’s Allaire Sees Hong Kong as Key Stablecoin Market Solana Co-founder Urges Voters To Look Beyond Donald Trump & Kamala Harris Alibaba reportedly cuts dozens from metaverse unit Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP decline ahead of US elections Is Ripple’s (XRP) Chart Showing Bearish or Bullish Potential? Coinbase CEO Breaks Silence On Exchange Listing Anomaly AVAX Consolidates Near $24: Analysts Eye Potential Breakout To $40 Bitcoin artist says ‘fascination’ brought thousands to BTC art exhibition XRP Price Resilient Above $0.50 While Markets Turn Red Harris and Trump Bets Near Even Odds Ahead of U.S. Election Day as 'Voter Fraud' Rumors Swirl JASMY’s $0.2785 Target: Is a Massive Rally on the Horizon? Silver price forms a bullish pattern as SLV ETF inflows rise How To Read And Interpret Crypto Whitepapers With Ease Taiwan’s FSC to heighten scrutiny of crypto listings on exchanges in upcoming January rules, official says GRASS Token Fails To Break $2 Level – Is It Time To Buy? Bitcoin Price Eyes $70K Comeback: Will Bulls Push It Higher? Analysts Predict Solana Price Could Reach $200 Bitcoin Mining Costs Soar as Miners Expect Long-Term Price Boosts Bitcoin to move 10% ‘either direction’ depending on US election: Trader Bitcoin Briefly Rebounded Above $69K, but Now Back to $68K LUNC News: Terra Luna Classic Passes Tax Handling Proposal with Reverse Charge Mechanism Trader Buys Peanut inspired PNUT in $17, Sees 12000x Profit Ethereum is like ‘Amazon in the 1990s’ — 21Shares Ethereum Price Turns Red: Is This a Temporary Dip? Bitfinex hack launderer ‘Razzlekhan’ wants time served as sentencing looms Bitcoin looks ripe for a rebound, and so do ETH, DOGE, LTC, and XMR Pipeline Flow Valuation Suggests XRP Fair Value Could Be as High as $3,541 ‘Inflation may never stop’ — Bitflyer CEO Yuzo Kano slams Modern Monetary Theory on X The Funding: Why crypto M&A deals are on the rise Bitcoin Crashes To $64,000 But Starts The Recover Reasons Why Sui Price Will ‘Continue To Rip’ in November KYVE Network plummets, Undeads Games exhibit triple-digit gains $APE Leads Market with 8.49% Bounce on November 3 Analyst Names Two Altcoins That Can Soar About 600% This Cycle, Updates Outlook on Dogecoin Shiba Inu (SHIB) Might Skyrocket if This Happens, Dogecoin (DOGE) Lost 15% but It's Ok, Bitcoin (BTC) $70,000 Comeback After This? Kraken Launches Derivatives for Australian Wholesale Clients After Regulatory Setback Dogecoin Price Eyes $0.2 Rally As Analyst Identifies ‘Bottom Formation’