{"id":24492,"date":"2023-11-13T19:54:23","date_gmt":"2023-11-13T19:54:23","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/analyst-says-eth-could-spike-to-3100-if-key-resistance-breaks\/"},"modified":"2023-11-13T19:54:23","modified_gmt":"2023-11-13T19:54:23","slug":"analyst-says-eth-could-spike-to-3100-if-key-resistance-breaks","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/analyst-says-eth-could-spike-to-3100-if-key-resistance-breaks\/","title":{"rendered":"Analyst says ETH could spike to $3,100 if key resistance breaks"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680174022549-f40b2832-9bd9-48c3-a041-5820f956bb49-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680174022549-f40b2832-9bd9-48c3-a041-5820f956bb49-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680174022549-f40b2832-9bd9-48c3-a041-5820f956bb49-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680174022549-f40b2832-9bd9-48c3-a041-5820f956bb49-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Ethereum is looking to break above a key resistance level at $2,150.<\/li>\n<li dir=\"ltr\">Crypto analyst Michael van de Poppe says ETH price could jump to between $3,100 \u00a0and $3,600 if a breakout happens.<\/li>\n<li dir=\"ltr\">Catalyst for the market include a spot Bitcoin ETF approval and developments on Ether spot ETF applications.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/ethereum\/\">Ethereum (ETH)<\/a> traded to highs of $2,136 last week, before giving up some of the gains over the weekend to touch $2,016.<\/p>\n<p dir=\"ltr\">The top altcoin has however seen an uptick on Monday, rising to change hands around $2,120 as buyers looked for a first green candle in three days.<\/p>\n<p dir=\"ltr\">Various market observers see a potential approval for a spot Bitcoin ETF as a catalyst that could catapult both <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">BTC<\/a> and ETH. While many experts opine that the most likely period for approval is early January, there\u2019s a window for the SEC to greenlight the first spot Bitcoin ETF for the US market.\u00a0<\/p>\n<p dir=\"ltr\">This window is open until November 17.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Reminder: There is currently a window open this week for an early approval of the <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> etf through the 17th.<\/p>\n<p>in addition last week blackrock filed for a spot <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> etf <\/p>\n<p>If the BTC etf is approved, expect both to fly <a href=\"https:\/\/t.co\/DbWWa68UAj\">pic.twitter.com\/DbWWa68UAj<\/a><\/p>\n<p>\u2014 Pentoshi \ud83d\udc27 euroPeng \ud83c\uddea\ud83c\uddfa (@Pentosh1) <a href=\"https:\/\/twitter.com\/Pentosh1\/status\/1723865940025053692?ref_src=twsrc%5Etfw\">November 13, 2023<\/a><\/p>\n<\/blockquote>\n<h2 dir=\"ltr\">Analyst on what next for ETH if resistance breaks<\/h2>\n<p dir=\"ltr\">For one top analyst, ETH\/USD faces a major hurdle near $2,150 \u2013 break this and the price of the world\u2019s second largest cryptocurrency by market cap could surge to the next supply zone around $3,100. Above this would be the key resistance at $3,600.<\/p>\n<p dir=\"ltr\">The prediction thus forecasts a 44%-67% price jump for Ethereum if bulls break higher.<\/p>\n<p dir=\"ltr\">According to Michael van de Poppe, the highlighted resistance at $2,150 is comparable to the massive wall that rebuffed numerous bullish attempts for Bitcoin (BTC) at $30,000. Sharing his prediction with more than 672k followers on X, the founder and CEO of crypto trading group MN Trading wrote:<\/p>\n<p dir=\"ltr\">\u201c<em>Ethereum faces the final resistance. Breaking above $2,150 marks the end of the bear market, as this level is comparable to the $30,000 barrier of Bitcoin. If it breaks, then we\u2019re likely seeing a run towards $3,100-3,600.<\/em>\u201d<\/p>\n<p dir=\"ltr\">Van de Poppe shared a price chart for Ethereum showing an ascending triangle pattern, which in technical analysis, signals a potential bullish breakout. The chart marks the two anticipated primary resistance zones as shown below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> faces the final resistance. <\/p>\n<p>Breaking above $2,150 marks the end of the bear market, as this level is comparable to the $30,000 barrier of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>.<\/p>\n<p>If it breaks, then we&#8217;re likely seeing a run towards $3,100-3,600. <a href=\"https:\/\/t.co\/i91ULBRtLz\">pic.twitter.com\/i91ULBRtLz<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1724055350582595815?ref_src=twsrc%5Etfw\">November 13, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">Ether was trading around $2,093 on Monday evening, 2.4% up in the past 24 hours. The cryptocurrency\u2019s value shows an 11% and 35% surge in the past week and 30 days respectively.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/analyst-says-eth-could-spike-to-3100-if-key-resistance-breaks\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Ethereum is looking to break above a key resistance level at $2,150. Crypto analyst Michael van de Poppe says ETH price could jump to between $3,100 \u00a0and $3,600 if a breakout happens. Catalyst for the market include a spot Bitcoin ETF approval and [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24492"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24492"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24493"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}