Ethereum Price Outlook: Breakout or False Alarm?
The post Ethereum Price Outlook: Breakout or False Alarm? appeared on BitcoinEthereumNews.com. Ethereum Ethereum has steadied at the upper end of its long-term ascending triangle, sparking debate over whether the move signals the start of a bullish leg higher or yet another false breakout. Matrixport, in its September 30 market note, described the current setup as a “critical observation period.” The firm pointed out that in earlier false breakouts, selling pressure proved short-lived and prices rebounded quickly – a pattern it says could be repeating now. Technicals remain constructive overall, though part of the recent buying may reflect end-of-month positioning ahead of October. Exchange Data Shows Mixed Flows On-chain activity adds another layer to the picture. Coinglass reported that more than 10,000 ETH left centralized exchanges in the last 24 hours, a trend often interpreted as bullish since coins moved off exchanges are less likely to be sold. OKX led the outflow with nearly 15,700 ETH, followed by Bitfinex and Coinbase Pro. Binance, however, saw the opposite, recording over 5,000 ETH in inflows. Analysts say the next few sessions will determine whether Ethereum is gearing up for a sustained breakout or setting up traders for another shakeout before climbing higher. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make…
The post Ethereum Price Outlook: Breakout or False Alarm? appeared on BitcoinEthereumNews.com.
Ethereum Ethereum has steadied at the upper end of its long-term ascending triangle, sparking debate over whether the move signals the start of a bullish leg higher or yet another false breakout. Matrixport, in its September 30 market note, described the current setup as a “critical observation period.” The firm pointed out that in earlier false breakouts, selling pressure proved short-lived and prices rebounded quickly – a pattern it says could be repeating now. Technicals remain constructive overall, though part of the recent buying may reflect end-of-month positioning ahead of October. Exchange Data Shows Mixed Flows On-chain activity adds another layer to the picture. Coinglass reported that more than 10,000 ETH left centralized exchanges in the last 24 hours, a trend often interpreted as bullish since coins moved off exchanges are less likely to be sold. OKX led the outflow with nearly 15,700 ETH, followed by Bitfinex and Coinbase Pro. Binance, however, saw the opposite, recording over 5,000 ETH in inflows. Analysts say the next few sessions will determine whether Ethereum is gearing up for a sustained breakout or setting up traders for another shakeout before climbing higher. The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make…
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