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Ethereum is the second largest block-chain platform in the world. The ETF officially published, the price kept going downwards for many reasons since then. It kept the investors in wonder about what the future holds.; What is next in ETH?

Therefore, is the Ethereum Price Prediction in USD during the next year? (2025)

We are writing you this blog to be revealing what the Value of ETH Indicates.

From up above, you see: $ETH / BTC Chart on the Weekly Timeframe:

Approaching Major Mid-term support for the Mid-term investors. What you currently see in this chart is that the price is reaching a Major support.

Expecting to start seeing some reversal to the upside. Otherwise we will completely fill the horizontal level of support below before rising.

Also, once we rise, we will have 0.618 Fibonacci retracement resistance, and the downtrend of the falling wedge. Thus, we should be looking for either some reversal to the downwards from there, or a break-out from above.

As long as we hold from above of it, Ethereum will remain bullish. Right now this is a very good chance to start on investing from the bottom.

Meanwhile on the $ETH against Bitcoin Chart;

We have posted on our Telegram channel that we see a potential of Double Bottom Pattern. Ethereum is still heading to the bottom, meaning that opportunities to buy are available. Expecting to see reversal around $2,111 to the upside. Neckline: $2,727.

Make sure to keep in mind that Bitcoin is dominant over Ethereum, and its mouvement could influence what happens with ETH. We have posted a Bitcoin Price Analysis that you could check by clicking. Right now we are chilling, waiting for good opportunities.

Meme-coins that are linked to ETH will sky-rocket once we start seeing some reversal to the upside. We are going to post soon. Join our discord and stay tuned.

Bitcoin Approaches All-Time Highs in August 2024

Crypto Analysis Predicts Volatile Bitcoin Price Movement

For the WEEKLY Timeframe, here are the current local levels of supports, and resistances.

Key Bitcoin Levels to Monitor in August 2024:

In the month of August 2024, Bitcoin is anticipated to experience a significant surge in price, potentially reaching or even surpassing its all-time highs (ATHs). According to the latest analysis of the Bitcoin charts, the cryptocurrency’s price movement is expected to be extremely volatile, making it crucial for investors and traders to keep a close eye on the key levels to watch out for during this period.

The horizontal levels that are shown in this picture are the weekly levels of BTC weekly levels of support and resistances;

Resistance: $71,287
Support: $65,578
Another Support: $55,817

The retest on each level would cause a rejection and a bounce back to the direction that it came from before visiting that level. If we break through it, we will see a continuation to the direction of the breakout. A closure of a candle is the confirmation of that case scenario. If the closure breaks, or rejects.

Meanwhile if we check on the lower timeframe for Bitcoin:

There are two horizontal rectangles we are consolidating insode of, I believe that during the month of August we will manage to break through one of them, which will dedicate where the next movement is going to happen. $60,000 is the price of the lower horizontal rectangle, which is the support and also a psychological level of support. The resistance is around $72,000 which is a very strong level of resistance.

Make sure to watch these levels carefully.