CandleFocus Ethereum Bulls Aim to Hold $2,400 Support, Eye Potential Rally
2024-10-23
Author: Content Editor
The article discusses the current situation of Ethereum (ETH) and the task that ETH bulls have in preventing the price from dropping below $2,400, which is a crucial support level. The analysis looks at the Chaikin Money Flow (CMF) and Weighted Sentiment metrics to determine if the price will rebound or continue to decline. The CMF reading has returned to the positive region, indicating that bulls are accumulating ETH and may prevent a price crash. Additionally, the Weighted Sentiment has turned positive, suggesting increased demand for ETH. The article also mentions an inverse head-and-shoulders pattern on the daily chart, which could indicate a reversal to the upside. However, if bulls fail to defend the support level, the price could decline to $2,116.
Related News
Blockchain Forensics Uncover Connection Between BingX and Indodax Hacks Bitcoin ETFs See Outflows, But BlackRock’s iShares Trust Keeps Buying $109,000 Drained From 81 Year-Old’s Bank Account in Devastating Social Security Scam: Report Bitcoin Bears Lose Control As BTC Net-Taker Volume Shifts Positive Ripple CEO Says Kamala Harris Taking 'Nuanced' Approach to Crypto US Rep French Hill Provides Timeline For Stablecoin Legislation Citibank Debanked Ripple's Brad Garlinghouse Due to Crypto, Exec Says Former Celsius CEO to return to court on Nov. 13 Bitcoin's bullish momentum seeking 'euphoric' market shift – Glassnode Michael Saylor Puts Bitcoin Self-Custody Backlash To Bed Lazarus Group exploited Chrome vulnerability with fake NFT game How Russia Plans To Use Bitcoin To Evade Western Sanctions Ripple CTO David Schwartz Cautions Against Donald Trump Propaganda Alchemy Pay Integrates Ramp Solution with Cocos SDK to Enhance Blockchain Gaming Is Aptos Looking At A Major Breakout Post Recovery? Santiment Reveals Altcoins With “Highest FUD”, Says Price Movement Is Usually Opposite to Expectation Surprise ETH price drop below $2.5K raises questions about Ethereum fundamentals Ripple CEO Garlinghouse predicts crypto 'reset' after US election, criticizes Biden administration Bond market selloff continues. What gives? Analysts Discuss BTC’s Direction After Bitcoin Price Plunge Is XRP the Future Replacement for the U.S. Dollar in Global Trade? Alliance accelerator: DAO and NFT are out, DeFi is in for crypto startups in 2024 Why Selling These 3 Altcoins Before November Is a Stupid Decision Crypto stablecoin deposits coming to Kalshi’s markets Avail to Collaborate with Sophon to Back User Entertainment Onchain Analysts Revealed: These Altcoins Have Spiked in Social Media Mentions Recently Takes on tokenization vary at RWA Summit Gnosis (GNO) price on course to break past $200 amid strong rebound HEX Price Drops 9% as Bearish Momentum Dominates the Market US Elections Are Only Two Weeks Away – Analysis Company Shares What to Expect in Bitcoin and Ethereum Until the Election US bankers support Trump but expect Harris victory — American Banker What Will Happen to Dogecoin and Cryptocurrencies if Elon Musk Takes Part in the Next US Administration? BREAKING: Tesla Announces Third Quarter Balance Sheet – Did It Sell Bitcoin? BTC Approaches Crucial Retest: Will the Tenkan Line Hold? Hong Kong targets global fintech leadership with new virtual asset strategies Trump Polymarket Odds Briefly Dip After His No. 2 Bull Adds Bet on Harris ApeCoin Faces Strong Resistance As Bears Seize Control At $1.755 Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff Major Bitcoin miners back pro-crypto PAC with $2m Campaign Avalanche (AVAX): Analysts Predict Strong Rally To $130 FED Publishes Critical Beige Book Document – Here is the Detailed Content Topic by Topic MicroStrategy's Saylor Speaks Out After Sparking Strong Backlash Ethereum Bulls Aim to Hold $2,400 Support, Eye Potential Rally Viction Announces Partnership with Fireblocks to Enhance Digital Asset Functionalities Analyst Predicts Shiba Inu Price Could Surge 330% Following Hidden Bull Divergence. Bitcoin (BTC) ETF Sees Outflow As Coin Plunges To Weekly Low Solana mobile app launch season is upon us Ex-Trump chief of staff says crypto election impact will be ‘fascinating’ Price analysis 10/23: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB NODO to Integrate with MultiversX for Improved Prediction Markets Revert Protection Enhances Blockchain Market Efficiency, Study Finds Maker wants to rebrand again $88.4B Locked in Blockchain Protocols: Ethereum, Tron, Solana, BNB Chain, and Base Lead the Way BRICS leaders push Bitcoin to bypass Western sanctions as Putin calls for alternatives AAVE Targets Breakout as GHO Launch Stirs Anticipation in the Market Dogecoin Cofounder Sends Epic Message to Bitcoin Anthony Pompliano Says Government Bans Can't Stop Bitcoin, Here's Why Verkle Trees Vs STARKs: Which of the 2 ultimate routes to Ethereum stateless validation is better? Michael Saylor's Bitcoin Statement Electrifies Crypto Community: Details Solana vs Ethereum: Why SOL is winning in speed, users, and adoption Celestia (TIA) Price Stuck in Consolidation: Awaiting a Breakout Tonstakers Integrates with Leading Platforms to Enhance Liquid Staking Accessibility Orbs Liquidity Hub Launches on Ethereum with QuickSwap Integration Solana Stays Strong Despite BTC Drop – $176 Next? Bill Gates Joins Billionaire Donors Backing Kamala Harris with $50M BREAKING: Ripple CEO Brad Garlinghouse Makes a Statement on XRP ETF Did ‘AI’ Truth Terminal just pump and dump a coin named $RUSSELL? Election Day Drama Won’t Be the Only Major Event in November – Here’s Why How Elon Musk’s recent political ambitions with Donald Trump could impact the crypto market Here's why a Bitcoin smart trader is buying BTC right now Will India Ban Bitcoin, Crypto For CFTC Adoption? CoinDCX CEO Responds Austrian crypto scammers blew thousands on clubbing, hookers, shark tank Expert warns Bitcoin’s ‘Uptober will end as Downtober’ Uniswap's permissionless bridging goes live across nine networks Pepe Coin Price Prediction: Analysts Foresee $25 Billion Market Cap Breakout Bitcoin’s repeating bearish engulfing trend and spot ETF outflows boost odds of sub-$60K BTC Wormhole and M^0 Join Forces to Enhance $M Stablecoin and Smart $M for DeFi Bitcoin may have hit short-term price top ahead of US Election, analysts say Crypto Analyst Unveils The ‘True Time To Sell It All’: Here’s When Coinbase CEO offers crypto wallet to AI influencer behind GOAT meme coin PEPE Fails to Surpass $240 Million Resistance: What It Means for Price UK crypto rules unclear for firms avoiding Europe’s MiCA regulation Kalshi adds global elections to betting platform Visa and PayPal execs push for stablecoin adoption to streamline global payments 6 ‘fat-finger’ mistakes that hit crypto holders in the wallet AI memecoin millionaire Truth Terminal has sparked an AI boom in crypto These 4 metrics suggest Ethereum price is sinking toward $2,300 Chinese trader laundered more than $17M for Lazarus Group in 25 hacks Arbitrum-based crypto derivatives trading protocol Variational raises $10.3 million in seed funding ‘If not self-custody, then why crypto?’ — Ledger CEO Amity Ventures leads $3 million pre-seed round for Borderless.xyz Bitcoin MACD prints first bullish BTC price signal since October 2023 US elections could trigger a 'Minsky moment' bond market crash as Paul Tudor Jones bets on bitcoin: analysts Cosmos ecosystem rocked by North Korean developer allegations Impatient Whale Sold This Altcoin Early, Missed $10 Million in Profit in 8 Days! Dogecoin (DOGE) Decentralization Project to Welcome Major Update: Details Chainalysis: Central and Northern Europe accounts for 22% of global crypto volume Shiba Inu's Shibarium Suddenly Breaks All-Time High With 1,557% Spike in Activity ? Chainlink and Swift’s Blockchain Payment Integration Hits Production-Ready Stage Cardano Founder Sees Argentina Leading Latin America in Blockchain Growth Bloomberg Analyst: Bitcoin Could Face Challenges Ahead Amid Correlation with S&P 500 Tokenized Treasuries: A Game-Changer for Collateral in Crypto Markets How a Small Crypto Investment Can Improve Your Portfolio Scroll's Token Declines 32% as Whales Scoop Up Airdrop Zero1 and NEAR Protocol Unite to Drive Decentralized AI Development Here’s How High Cardano Could Go If Its Market Cap Reaches $1T ‘Assassin’s Creed’ Maker Ubisoft Releases First Original NFT Game ‘Champions Tactics’ $138 Million Wiped out From Crypto Market - What's Next? XRP Price Prediction for October 23 7 Best BNB Smart Chain (BSC) DEX Platforms 2024 Solana (SOL) Price Targets 27% Hike as Network Usage Surges Bernstein Sets Fresh Bitcoin Price Target at $200K, Describing It “Conservative” Brace yourselves, the massive unlocks are coming Bonk and Popcat prices diverge as their CEX outflows rise Dogecoin (DOGE) Long Traders Suffer Unexpected Blow Can Solana Price Reach $2000? Analyst Says Breakout Will 'Feed Generations’ DeFi Oracle RedStone Launches AVS Testnet on EigenLayer Bitcoin Miners Are Pivoting to AI to Survive. Core Scientific Entered the Race Years Ago Nansen: GameFi market set for $301.5b surge amid ecosystem expansion Bitcoin Startup Satflow Targets 'Mempool Sniping' in New Token-Trading Rival to Magic Eden Why These Altcoins Are Trending Today — October 23 Legendary Analyst Brandt Spots Bearish Bitcoin Signal but Longs BTC with $150K Target Analyst sets the blueprint for Bitcoin’s next 'parabolic rally' LDO/USDT at a Critical Crossroads: $0.930 Support Holds the Key to Momentum 2,100% Surge in Whale ApeCoin Transactions, What About APE’s Price? MANTRA Chain mainnet goes live with OM staking and KARMA rewards zkLink Delays Vesting Token Unlock for Investors and Team by Six Months exSat Network Mainnet Launches with $200M in Liquidity and $BTC Integration Why IOTA’s Supply Increase Isn’t a Threat: Inflation and Ecosystem Growth Key Could Tesla’s Bitcoin Transfers Indicate Interest in a Bitcoin-Backed Loan? Vietnam Unveils National Blockchain Strategy, Aims to Lead by 2030 Tomarket hits another milestone ahead of TOMA airdrop SEC v Ripple Lawsuit: Chris Larsen Makes Key Move Before Form C Submission Here's when XRP price will break out, according to analyst Bitcoin Price Stabilizes as Analysts Flag an Accumulation Period Cardano and Bitcoin Integration Updates at Cardano Summit Could Spark ADA and BTC Bull Run Here’s How Much Shiba Inu Can Make You in Various Countries if SHIB Hits $0.0008 Italy: the law introduces the increase of crypto capital gains Blockchain.com Execs Face Scrutiny for Not Filing Accounts in UK Dogecoin (DOGE) Sees Crucial 4 Billion Surge: Details BONK Price Prediction Signals 120% Rally, Analysts Say Investors 'Not Ready' Crypto firm convicted for USDT-Naira trading, ordered to pay $86K Bitcoin Loses Ground to Gold This 'Uptober': Mike McGlone 'Rich Dad Poor Dad' Author Kiyosaki Delivers Epic 'Buy Bitcoin or Bye-Bye' Line Crypto and AI: SingularityNET and Tenstorrent collaborate for ASI Scroll (SCR) Drops 19% a Day After Market Debut Stellar (XLM) Transfers Now Supported on Robinhood: Details DTCC launches digital asset sandbox to boost tokenization VeChain Secures New US Patent for Cold Chain Temperature Recording via NanoJClean Ripple CTO Mocks SEC With Recent Tesla-Themed Tweet: Details GOAT crypto surges amid FOMO after multiple exchange listings XRP Contracts Worth $28 Million Risk Liquidation If Price Reaches $0.60 Uphold Reveals Multi-Exchange Strategy, Joins RLUSD Launch Ceffu and Lido Finance Collaborate for Ethereum Liquid Staking Solution Aurum Equity Partners Launches $1 Billion Tokenized Fund on XRP Ledger Prove AI Launches on Hedera, Setting a New Standard in AI Governance Justin Sun Might Be Good for Wrapped Bitcoin, Says New Custodian's Director Pundit: Floki Has Something That Shiba Inu, Dogecoin Do Not China Central Bankers say joint mBridge project requires mutual trust Cardano Price Set to Soar: Analyst Says $5 ADA is Within Reach 60 Million XRP Shifted by Ripple to Anon Wallets Amid Partnership News Bitcoin Potentially Breaking Out of Range As Three Indicators Flash Bullish for BTC, Says ARK Analyst API3 Coin Offers Direct Data Access Russian banking sector concerned CBDC entry cost too high for small lenders: report Blackrock Amplifies Bitcoin Portfolio with Massive New Acquisition Ethereum Founder Vitalik Buterin Made $5 on This Bitcoin Mining Difficulty Hits All-Time High as Mining Revenue Rises; Signals Upcoming Bull Run Do androids dream of zero-knowledge? | Opinion Will Uniswap Price Hit $20 After $2 Trillion Ethereum Processing Milestone? Is There a Connection Between Indodax Hacker & BingX Hacker? HTX to List Fartcoin (FARTCOIN) on October 23 Elon Musk and Dogecoin Founder Agree on This Crucial Matter: Details Coinbase demands records on ‘Choke Point’ conspiracy theory Nigerian Government Drops Charges Against Binance Executive Tigran Gambaryan South Korea’s Crypto Market Faces Volatility With 34.9% Delisting Rate Shiba Inu (SHIB) set for recovery as Shibarium activity surges after months-long stall Can MAGA (TRUMP) Token Sustain Its 68% Monthly Rally? Bitcoin Faces Crucial Test Amid Strong US Dollar and Declining Equities Is XRP in the Danger Zone? Could XRP Price Drop to Zero? BEAM futures open interest hits 3-month high as it secures top gainer spot Malaysian regulated crypto exchange Hata nabs $4.2m in seed funding for Asia expansion Who's Afraid of Gary Gensler? Not Don Wilson, the Trader Who Beat the Regulator Once Before Ripple, IBM & Garanti BBVA Kripto Partner up to Enhance Security Why Partisia’s Blockchain May Be Uniquely Placed to Solve the Data Privacy Issue XRP Ledger On-Chain Insights: Liquidity Spikes as AMMDeposits Outpace AMMBids Ethereum Fees Dip to $1.63 as Santiment Predicts Increased Network Usage Toncoin (TON) Active Addresses Fall to 6-Month Low as Telegram Airdrops Hype Fades Latest analysis of the crypto Monero (XMR), Aptos (APT), and JASMY Crypto ‘full of ideas’ generated at universities — UK blockchain exec Binance sunsets referral program in Turkey due to local regulations Crypto selloff is cooling down, liquidations plunge 40% Crypto hedge fund managers JellyC and Trovio merge to attract pension fund investment Bitcoin Exchange Binance Announces It Will Support This Altcoin's Network Upgrade and Hard Fork! Why Are .ai Domains So Expensive? GOAT and TURBO Dominate 60% of AI Meme Coin Trading Volume Shiba Inu Projected 348% Rise to $0.000081 Unaffected, Says Analyst Vitalik Buterin Charts Ethereum’s Next Phase with ‘The Verge’ Upbit listed PEPE, BONK and BRETT only after two years of trading history Expert Says No Excuse to Hold or Trade XRP After Latest Event Daily Market Review: BTC, ETH, TIA, BEAM, RUNE POPCAT on Track for $5? Murad Points to Strong Fundamentals and Growth Crypto Markets Shed $90B in 2 Days as Bitcoin (BTC) Loses $67K Level (Market Watch) These 10 Altcoins Are Seeing Massive Whale Activity: What’s Next? Shiba Inu, Dogecoin, Bonk and Others: Classic Meme Coins Get Massive Advantage Bitcoin Is No Fait Accompli SHIB Burns Skyrocket 6,750% - Here's What's Happening A Whale Withdrew 32,695 Solana to Buy These Three Memecoins ChatGPT Projects XRP Price if GOP Candidate Trump Wins the US Presidential Election Former SEC Lawyer Clarifies This Latest Filing in Ripple Case Has No Connection to Alleged Late SEC Filing DOGE, XRP Lead Crypto Majors Decline as Bitcoin ETFs Bleed $80M Metaplanet completes its 11th stock acquisition rights, securing ¥10B to purchase BTC Binance Announces Delisting for 4 Altcoins: Here’s What You Need to Know Bitcoin Exchange Binance Announces It Will Delist 4 Altcoin Trading Pairs! Here Are the Details Norway Central Bank to decide on digital currency recommendation next year Prove AI Launches On Hedera To Offer Secure AI Training Data Solutions Indodax and BingX Hackers Use the Same Address for Laundering, MistTrack Reports Pundit Says Most Won’t Buy XRP Until It Reaches $5-$10 As Bitcoin Nears Golden Cross, Concerns About Rising Treasury Yields Look Overhyped 1.5 Billion ZETA Tokens Permanently Anchored to the ZetaChain Network Worldcoin Moves $12M Worth WLD To 5 Market Makers Crypto Industry’s IPO Challenge May End After US Elections ChainLink could see another sell wave despite price fall Pump.fun Introduces Video Tokenization Feature From Crypto to Social Media: How 2023 Became the Year of Investment Scams in the US Rose and Bruno Mars’ New Song “APT” Boosts Aptos Popularity Chainalysis: Italy is among the leaders of the crypto market in Europe Shiba Inu’s Price: 142 Trillion Unburned Tokens Put Support at Risk Sky Branding Dilemma Deepens Amid Founder’s Transactions Tether’s USDT passes $120B market cap, a bull could be next Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say Japan maintains conservative approach to crypto ETFs Analyst Says Bitcoin Multi-Month Downtrend Is Over, Hints at Renewed Upside for BTC How The Next US Congress Could Be The Most Pro-Crypto Ever Terra Luna Classic (LUNC) Price Surges After 320 Million Token Burn How High Could Dogecoin Price Go If A DOGE ETF Is Approved? NFT Market Sees Bored Ape Yacht Club Leading in Volume, Qzuki NFT Tops Sales Bitcoin’s NUPL Data Suggests Emerging Uptrend in Market Sentiment Football Stars to Face Legal Actions Regarding $3.2B Pyramid Scheme Promotion Catizen (CATI) Price Surges Over 9%, Market Cap Tops $99M: Low-Cap Gem Gains Momentum Japanese Entertainment Giant's Crypto Arm in Partnerships to Support Web3 Economy $40 Target for XRP as Pundit Outlines Technical and Fundamental Factors Pointing to an XRP Uptrend GalaChain Launches New Decentralized Network Solana (SOL) Hints at Downside Correction: Can It Hold Key Support? The MEMEcoin Wizard: $815K Profit & Over 2,000 Tokens Traded with Stellar Accuracy Vitalik Buterin says Michael Saylor’s Bitcoin comments are ‘batshit insane’ Surge in XRP Whale Activity Amid Ongoing SEC Battle Will Congress take control or let crypto and election bets run wild? Spot bitcoin ETFs shift to negative flows after 7-day inflow run APT Price Surges 10%, Reaching Six-Month High with Nearly $1 Billion in Total Value Locked A weak yen, skyrocketing food prices, and destructive tourism are ruining Japan — here’s how crypto can help Solana TVL At 2-Year High, But Selling Continues: What’s to Come? Ethereum Price Analysis: $2,700 Resistance Key to Altcoin Market Rally Here’s What Would Drive XRP New Massive Move, According to Expert Uniswap Processes Over $2 Trillion On Ethereum: UNI Bull Run Inevitable? XRP Price Flashes Bearish Signals: Are More Losses Coming? Traders Ramp Up Positions as Crypto Lending Rates Soar to 30% on Bitfinex Bitcoin academics slam controversial ECB paper blasting Bitcoin Bitcoin Exchange River Unveils New Cash Earning BTC Option Vitalik Buterin says Michael Saylor’s Bitcoin comments are ‘batshit insane’ Wazirx Security Breach: Liminal's Analysis Points to Deeper Issues Bitcoin Price Pauses In Consolidation: Aiming for New Gains Fraudsters have decided not to operate in TON. But is this a good thing? Dogecoin Poised for Major Breakout, Predicts Analyst Who Called Bitcoin’s 2021 Crash Ethereum Price Battles to Bounce Back: Is a Recovery Coming? Cardano’s Pullback Short-Lived, Fresh Rally Underway For ADA? Ethereum blob fees soar: What does it mean for L2s? Meta is testing the use of facial recognition to fight deepfake celeb ads Dogecoin Rockets 30% In A Week, Sparking Hype For Uptober Rally XRP Lawsuit: Why Ripple Labs Need To Take a Drastic Move Now Ethereum (ETH) $3,000 Comeback Is Over, Dogecoin (DOGE) 7.7 Billion Price Peaks, Will Shiba Inu (SHIB) 40% Price Growth Continue? Analyst Predicts 75% Upside Burst for Ethereum, Sees Solana Repeating Massive 2021 Surge Bitcoin Accumulation Addresses Now Hold $194 Billion in BTC as Long-Term Investors Stack Sats at Unprecedented Pace Bitcoin ETFs thrive with institutional exposure at 20% Ethereum Price Breaks Out Of Symmetrical Triangle, Next Stop $3,400?