{"id":108616,"date":"2021-01-16T20:01:08","date_gmt":"2021-01-16T20:01:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=108616"},"modified":"2021-01-16T20:01:08","modified_gmt":"2021-01-16T20:01:08","slug":"ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/","title":{"rendered":"Ethereum is Looking \u201cRidiculously Bullish\u201d as Analysts Eye a Move to All-Time Highs"},"content":{"rendered":"<ul>\n<li>Bitcoin has been facing some immense turbulence as of late, but it has yet to have any grave impact on altcoins<\/li>\n<li>Most major altcoins have been decoupling from the benchmark cryptocurrency, with ETH gaining against its BTC pair while Chainlink sees fresh all-time highs<\/li>\n<li>This momentum is being slowed slightly by Bitcoin\u2019s present weakness, but it remains unclear as to whether this will reverse the altcoin breakouts<\/li>\n<li>For ETH, in particular, one analyst is calling its macro chart \u201cridiculously bullish\u201d \u2013 suggesting that it is on the cusp of setting fresh all-time highs in the near-term<\/li>\n<li>He is specifically pointing to a move up towards $2,800 next, noting that this is likely where it will surge to once its all-time highs are broken<\/li>\n<\/ul>\n<p>Ethereum has seen notable strength as of late, with bulls providing a strong foothold within the lower-$1,000 region.<\/p>\n<p>It has also been gaining some ground against Bitcoin as of late, with the crypto showing signs of strength as it holds up against USD while BTC declines.<\/p>\n<p>Unlike BTC, LINK, and many other major altcoins, Ethereum has yet to set fresh all-time highs throughout the course of this bull cycle. This may indicate that it has a high probability of seeing continued growth as the market cycle continues.<\/p>\n<h2><strong>Ethereum Gains Against BTC Pair as Bulls Defend Against Downside<\/strong><\/h2>\n<p>At the time of writing, Ethereum is trading down just under 4% at its current price of $1,190. This marks a notable surge from its recent lows of $900 set last week during the market-wide sell-off event.<\/p>\n<p>The momentum seen in the time following this has been impressive, and Ethereum has gained some serious ground against Bitcoin.<\/p>\n<p>Its BTC trading pair is looking even better this morning, with BTC\u2019s slight selloff not having that huge of an impact on ETH.<\/p>\n<h2><strong>Trader Claims ETH is Poised to Move Towards $3,000 Next<\/strong><strong>\u00a0<\/strong><\/h2>\n<p>One analyst explained in a recent tweet that he is now watching for Ethereum to see further upside, setting a target at $2,800.<\/p>\n<p>He notes that it first needs to break its all-time high of $1,450 and that a move past this level could allow for massive near-term upside.<\/p>\n<blockquote>\n<p>\u201cETH \/ USD: Macro trend still looking ridiculous bullish and if we close the weekly candle like this then the next stop is ATH. I think we see something similar to what I have shown above, a test and close above the previous ATH and then price to test $2800\/$3200 quickly after.\u201d<\/p>\n<\/blockquote>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2021\/01\/ErxG1rUXMAAbAVD-980x503.jpg\"><\/p>\n<pre>Image Courtesy of Cactus. Source: ETHUSD on TradingView.<\/pre>\n<p>The coming few days should provide insights into whether Ethereum\u2019s strength against Bitcoin will be enough to send it surging to all-time highs.<\/p>\n<pre>Featured image from Unsplash.\nCharts from TradingView.<\/pre>\n<p>Source: <a href=\"https:\/\/bitcoinist.com\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has been facing some immense turbulence<\/p>\n","protected":false},"author":3,"featured_media":108615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum is Looking \u201cRidiculously Bullish\u201d as Analysts Eye a Move to All-Time Highs - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum is Looking \u201cRidiculously Bullish\u201d as Analysts Eye a Move to All-Time Highs - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has been facing some immense turbulence\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-16T20:01:08+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafoto2-bull-photography-tKrIU01WDfM-unsplash-1920x1280-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/ethereum-is-looking-ridiculously-bullish-as-analysts-eye-a-move-to-all-time-highs\/\",\"name\":\"Ethereum is Looking \u201cRidiculously Bullish\u201d as Analysts Eye a Move to All-Time Highs - 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