Key Points
Ethereum (ETH) has gone up by more than 5% in the past 24 hours upon breaking a key resistance at $3,300.
Our free crypto trading signals system has flashed a buy signal in the daily chart, favoring a bullish ETH price prediction.
When buy signals show up in high time frames, we pay attention. The reason we do is that trading volumes, trend direction, and candle patterns are all favoring a bullish outlook.
The last set of daily buy signals generated a 175% return for ETH in exactly four months. This means that ETH could almost triple to $10,000 over the next few months if historical patterns repeat.
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Apart from this technical signal, other data is also supporting a bullish outlook for ETH. For example, the Fear and Greed Index recovered from a record low of 10 to nearly 50 in the past few days.
This means that market sentiment has turned around. The last time we got this kind of recovery, both Bitcoin (BTC) and Ethereum (ETH) rallied to new all-time highs.
The four tokens we track on our signals system (BTC, ETH, XRP, and DOGE) have all flashed “buy” in the daily chart. This confluence means that we could be in the early stages of the next bull run for the crypto market as a whole.
Late Buyers Still Have a Chance to Buy Ethereum (ETH) Before IT Takes Off
Moving to a lower time frame, we got three consecutive buy signals in the hourly chart. They apparently set the stage for yesterday’s explosive move.
A consolidation pattern was forming on ETH’s hourly chart from January 8 to January 13. Its bullish bias was confirmed by a breakout above $3,160.
In addition, the price surpassed $3,300, fully reversing its bearish price structure and opening the door for further upside ahead.
We can see that a pullback has started. Hence, late buyers could still get achance to enter a long position at a more advantageous price point. Especially, if the American session pushes ETH to lower levels.
Remember, you can trade ETHUSDT and any other pair via Bybit’s futures. If you don’t have an account yet, you will get some attractive bonuses if you sign up by using this link.
Church ($CHRCH) Showcases What Web3 Can Do for Noble Causes
As the crypto market seems ready to make a comeback, some promising early-stage tokens could deliver the highest upside potential.
Church ($CHRCH) is a faith-based token, designed to power a community-governed ecosystem that will allocate resources fairly and easily to evangelical churches across the globe.
Through the power of decentralization and a clear vision, this project might soon become the go-to hub for churches to get funded and keep building the Kingdom of God.
You can head to the official Church Token website to learn more about this project. In case you want to buy, this is the token’s official address: 75WUVMhKmrdRXCk5whH5ryyH5XocuLNca3yMC3ySXray
