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Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600?

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Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? - NewsBTC

Quick Summary:

Related Reading: Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights Ethereum Breakout Eyes Key Resistance On Easter Sunday, the crypto market saw a positive end-of-week after jumping 4.2%.

Analyst Carl Runefelt also highlighted ETH’s downtrend breakout, affirming that it "might go absolutely parabolic starting from here.” According to Runefelt, the resistance breakout eyes the $3,000 mark, which was lost during the February retraces.

Related Reading: XRP Wyckoff Pattern Maps Bullish Run To $3.70 This Summer Meanwhile, another market watcher suggested that Ethereum’s trading pair against Bitcoin is "the only chart to look at right now.” Crypto Fella affirmed that the bottom of the ETH/BTC chart is close, as it has reached its lowest level since 2020.

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Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? - NewsBTC (Picture 1)Ethereum Attempts Breakout From Multi-Month Downtrend, But Can ETH Hold $1,600? - NewsBTC (Picture 2)

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 09:30:23 (2 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 506 words

Reading Time: 3 minutes read

Sentences: 79 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 28140800

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About NewsBTC

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

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  • URL: https://pretty-looking.beamstart.com/news/ethereum-attempts-breakout-from-multi-174531708699

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