No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Wednesday, October 8, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Ethereum Breaks Above $4,800 – Is It Time For New Highs?

by TheAdviserMagazine
2 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Ethereum Breaks Above ,800 – Is It Time For New Highs?
Share on FacebookShare on TwitterShare on LInkedIn


Ethereum (ETH) is leading the end-of-the-week market recovery after finally breaking above the $4,800 resistance. As the cryptocurrency is attempting to reclaim this crucial area, some analysts suggest that a new all-time high (ATH) is imminent.

Related Reading

Ethereum Hits New Multi-Year High

On Friday, Ethereum broke above the $4,800 resistance for the first time since 2021, hitting a multi-year high of $4,834. The cryptocurrency has rallied over 14% over the past 24 hours, driven by Federal Reserve Chairman Jerome Powell’s annual address at Jackson Hole.

In his speech, Powell signaled the possibility of an interest rate cut, affirming that “with policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance.”

Following Powell’s remarks, the market soared, with Bitcoin (BTC) jumping from its local range low to the $117,000 area. Meanwhile, Ethereum initially climbed from the $4,200 support to reclaim the crucial $4,700 barrier.

In a statement to CNBC, Jordi Alexander, CEO of crypto trading firm Selini Capital, suggested that crypto traders were caught completely offside by Powell’s dovish comments.

“The market positioning in recent sessions has seen clear risk-off moves in assets like crypto and tech, and today’s setting up of a September rate cut is causing a panicked repositioning, which could continue through the illiquid weekend as shorts get squeezed,” he affirmed.

Meanwhile, Joseph Chalom, Co-CEO of SharpLink Gaming, asserted that “the markets are loving Powell’s dovish speech. September rate cuts seem imminent. We’re at a pivotal moment in the market cycle.”

ETH Ready For More?

Notably, ETH has been consolidating between $3,762 support and $4,631 resistance since the early August breakout, retesting the $4,000-$4,100 mid-zone of this week’s pullback.

On Friday afternoon, Ethereum continued its climb above the $4,800 resistance. This level was unsuccessfully tested last week, when the King of Altcoins hit a local high of $4,788 before being rejected.

Analyst Crypto Jelle highlighted a one-week falling wedge pattern on ETH’s chart, which targeted a breakout to the $4,600-$4,800 area. Following today’s price jump, the analyst suggested that Ethereum is ready to target its all-time high of $4,878 after the breakout.

Additionally, he noted that ETH already broke out of an 18-month bullish megaphone this month, which targets the $10,000 level. He explained that the cryptocurrency has successfully retested the key resistance level, around $4,000, during this week’s pullback and has “hardly any resistance left.”

Related Reading

Nonetheless, he warned that a pullback is likely to come following the massive pump but added that “the intent is clear. This market wants higher.”

Similarly, Ted Pillows affirmed that volatility was expected after Powell’s speech, noting that it had happened in previous years. However, he suggested that a big ETH rally will follow, “just like the last time.”

As of this writing, Ethereum is trading at $4,799, a 32.6% increase in the monthly timeframe.

Ethereum’s performance in the one-week chart. Source: ETHUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com



Source link

Tags: BreaksEthereumhighsTIME
ShareTweetShare
Previous Post

12 Surprising Types of California Unclaimed Property

Next Post

Looking Back at the Positions on South African Apartheid Taken by Ambitious Democrats

Related Posts

edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

by TheAdviserMagazine
October 8, 2025
0

Cubic Analytics founder Caleb Franzen says XRP is entering a decisive phase after months of compression, with the price structure...

edit post
KindlyMD Partners With Antalpha, Eyes 0M Convertible Debt Facility for Bitcoin Treasury

KindlyMD Partners With Antalpha, Eyes $250M Convertible Debt Facility for Bitcoin Treasury

by TheAdviserMagazine
October 8, 2025
0

KindlyMD (NASDAQ: NAKA) said that it has entered a strategic partnership with Antalpha (NASDAQ: ANTA) to develop financing solutions for...

edit post
How to Find Coins Before They Get Listed on Binance or Coinbase

How to Find Coins Before They Get Listed on Binance or Coinbase

by TheAdviserMagazine
October 8, 2025
0

Key takeawaysMonitor X, Reddit and Discord for early hype; use tools like LunarCrush to filter noise.Scout for IDOs and DEXs...

edit post
Meteora AG reveals $MET tokenomics; 48% of supply to circulate at TGE

Meteora AG reveals $MET tokenomics; 48% of supply to circulate at TGE

by TheAdviserMagazine
October 7, 2025
0

Key Takeaways Meteora AG, a Solana-based liquidity protocol, unveiled its MET tokenomics with 48% set to be in circulation at...

edit post
XRP Is Already Penetrating SWIFT’s Network Through Multiple Entry Points, Expert Highlights How

XRP Is Already Penetrating SWIFT’s Network Through Multiple Entry Points, Expert Highlights How

by TheAdviserMagazine
October 7, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The long-debated question of whether XRP could...

edit post
CEA Industries’ BNB Holdings Soar as Price Hits ,300

CEA Industries’ BNB Holdings Soar as Price Hits $1,300

by TheAdviserMagazine
October 7, 2025
0

BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries ($BNC) expands its holdings to...

Next Post
edit post
Looking Back at the Positions on South African Apartheid Taken by Ambitious Democrats

Looking Back at the Positions on South African Apartheid Taken by Ambitious Democrats

edit post
Smallcap Multibagger Stock: From 6X gains in 2024 to bear market pain in 2025. Is this smallcap multibagger stock a buy now?

Smallcap Multibagger Stock: From 6X gains in 2024 to bear market pain in 2025. Is this smallcap multibagger stock a buy now?

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

Nifty may resume uptrend soon; IT stocks could see short-term gains: Rohit Srivastava

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

0
edit post
The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

The shutdown meant no jobs report. Carlyle’s analysis shows it would have been pretty bad

0
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

0
edit post
Why late-career savers need to be careful with RRSPs

Why late-career savers need to be careful with RRSPs

0
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

0
edit post
American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’

October 8, 2025
edit post
XRP Price Targets You Need To Know Now: Cubic Analytics

XRP Price Targets You Need To Know Now: Cubic Analytics

October 8, 2025
edit post
Elbit Systems bids to upgrade Argentinian F-16s

Elbit Systems bids to upgrade Argentinian F-16s

October 8, 2025
edit post
Ørsted raises .35bn through rights issue

Ørsted raises $9.35bn through rights issue

October 8, 2025
edit post
5 Ways to Buy Rentals Without a Huge Bank Account

5 Ways to Buy Rentals Without a Huge Bank Account

October 8, 2025
edit post
How to Make the Most Money Possible from Your Rental Property

How to Make the Most Money Possible from Your Rental Property

October 8, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • American Eagle CEO defends Sydney Sweeney campaign: ‘You can’t run from fear. We stand behind what we did’
  • XRP Price Targets You Need To Know Now: Cubic Analytics
  • Elbit Systems bids to upgrade Argentinian F-16s
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.