Ethereum

Based

Major

bullish

Bitcoin

<ul class="wp-block-list">
 <li>Ethereum price chart shows major retesting trendline support.&nbsp;</li>  
 <li>This move has always led to over 100% price pump according to historica data.&nbsp;</li>  
 <li>Can ETH set a new ATH by Q1 2025?</li> 
</ul>  
<p>Altseason sentiment continues to grow as analysts expect the prices of popular and capable altcoins to shoot up at the peak of the ongoing bull season. As Bitcoin (BTC) continues to hold strong at the $68,000 price level, expectations for a bullish altseason to follow a bullish Q4 for Bitcoin continue to gain momentum.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-bitcoin-pump-could-trigger-eth-and-altcoin-pump-nbsp">Bitcoin Pump Could Trigger ETH and Altcoin Pump&nbsp;</h2>  
<p>So far, Bitcoin shows strong indicators for a high probability of hitting <a href="https://cryptonewsland.com/build-a-six-figure-crypto-portfolio-now/" target="_blank" rel="noopener noreferrer nofollow">6-digit ATH targets</a> by the end of Q4. The pioneer crypto asset has closed both September and October in bullish green, igniting high expectations for a bullish Q4 and an even more promising altseason to follow.&nbsp;</p>  
<p>Historically, altseason is led by the pioneer altcoin, <a href="https://ethereum.org/en/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a>’s Ether (ETH). According to the post above, this analyst marks ETH as having just reached its major trendline support. He highlights that the last three times Ethereum retested this trendline, the ETH price has pumped hard every year.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-eth-repeats-retesting-pump-trend">ETH Repeats Retesting Pump Trend</h2>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Ashcryptoreal/status/1853052663400640698
 </div>
</figure>  
<p>Based on the post above, the analyst goes on to list the last three times ETH price pumped after forming the same pattern. To highlight, he begins with the 123% and 107% pump in 2022 when the pump took place in 3 months and 7 months respectively. He also adds the 158% pump in 2023 which happened in 6 months.</p>  
<p>Therefore, he concludes by saying that if ETH price pumps by 100% again then it will hit a new ATH in Q1 of 2025. According to <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, the <a href="https://cryptonewsland.com/bitcoins-btc-next-move-could-unlock-300-for-solana-sol-4000-for-ethereum-eth-and-11440-rally-for-new-altcoin/" target="_blank" rel="noopener noreferrer nofollow">price of ETH</a> is presently $2,460.88 with a total market cap of $296,287,614,693.57 and a 24-hour trading volume of $14,599,979,861.08. The previous ATH of ETH is $4,891.70 and analysts hope to see ETH break this record soon. &nbsp; &nbsp; &nbsp;</p> 
<p>The post <a href="https://cryptonewsland.com/eth-retests-major-trendline-support-100-pump/" rel="noopener noreferrer nofollow">ETH Retests Major Trendline Support Which Has Always Led to Over 100% Price Pump, New ETH ATH By Q1 2025?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

ETH Retests Major Trendline Support Which Has Always Led to Over 100% Price Pump, New ETH ATH By Q1 2025?

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