Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Falling Wedge Pattern Signals $3,000 Target
By: cryptosheadlines|2025/05/10 10:30:08
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Ethereum price prodded above the $2,400 level on Friday, posting another 6% gains as Pectra upgrade success continues to attract fresh ETH investment inflows. In latest news reports, Brazil-based B3 exchange moves to launch SOL and ETH futures by June 16. Will this propel ETH toward the $3,000 level?Ethereum (ETH) Moves Above $2,400 for the First Time Since JanuaryEthereum (ETH) price advanced as high as $2,448 during Friday’s trading session, its strongest showing since January 2025. Market data from Coingecko showed a 6.7% 24-hour increase, with Ethereum outperforming Bitcoin on several major spot exchanges.At press time, ETH finds support at $2,349, up over 40.9% in the past 30 days and 27.5% over the last week, signaling strong short-term momentum. The ETH/BTC pair also gained ground, rising 6.7% to 0.02283 BTC.Ethereum Price Forecast | ETHUSDEthereum price surged above the $2,400 threshold on Friday, notching a 6.7% daily gain and reaching its highest level in four months. The rally comes amid growing investor optimism after the recent Pectra upgrade and ignited institutional interest in BTC after months of underperforming.Adding to bullish sentiment, Brazil’s largest stock exchange, has confirmed plans to launch Ethereum and Solana (SOL) futures contracts by June 16.Brazil’s B3 Exchange to Launch ETH and SOL Futures by June 16Brazil’s B3 exchange, the largest in Latin America, announced it will list Ethereum (ETH) and Solana (SOL) futures by mid-June. The move marks a major expansion of crypto derivatives in the region and could serve as a blueprint for other Latin American financial hubs.The B3 futures contracts will be cash-settled and follow similar specifications to CME’s ETH derivatives. By enabling local funds and high-net-worth investors to gain regulated exposure to ETH action, the exchange aims to capture rising institutional demand within the Latin America region.The ETH price rally also aligns with improving macro sentiment, as U.S. rate cut expectations and rising stablecoin supply across Ethereum DeFi protocols point toward steady inflows.Ethereum Price Forecast Today: Falling Wedge Pattern Signals $3,000 TargetEthereum price forecast today signals a falling wedge pattern hinting at a potential breakout above $3,000.After closing two consecutive sessions above both the 50-day EMA at $1,901 and the 100-day EMA at $2,123, Ethereum price has now breached the wedge’s upper resistance with a convincing high-volume rally.Ethereum Price Forecast TodayThis move confirms bullish momentum, supported by the significant volume spike visible in the delta histogram, indicating institutional interest and strong accumulation at breakout levels. If ETH holds the $2,120 zone over the weekend, another leg-up towards $2,500 remains probable, particularly if risk-on sentiment holds across global financial markets as observed in the past week.Conversely, if ETH price retreats, below $2,100 accompanied by high volume sell-orders, it could invalidate the bullish thesis and potential open doors to deeper correction towards the next key support level at $1,950.Frequently Asked Questions (FAQs) Ethereum’s price surge is fueled by the Pectra upgrade, improving market sentiment, and institutional momentum following Brazil’s ETH futures announcement. The falling wedge breakout signals a bullish reversal, with technical indicators pointing to a possible move toward the $3,000 level in the near term. Rising institutional demand, seen in high-volume accumulation and upcoming regulated futures in Brazil, is reinforcing Ethereum’s price strength. ✓ Share: ibrahim Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.Source link
You may also like
How to balance risk and return in DeFi yields?
Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?
Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine
Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.
Naval personally takes the stage: The historic collision between ordinary people and venture capital
Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...
a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins
Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.
Refutation of Yang Haipo's "The End of Cryptocurrency"
This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...
Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets
Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived
"I will deploy funds in 2026, so I will tell you this is the best year in history."
Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?
Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.
A VC from the Crypto world said AI is too crazy, and they are very conservative
Amid the Crypto frenzy and with investors who once missed out on Pinduoduo, a new AI fund called Impa Ventures was established, rejecting bubble narratives and adhering to a conservative "problem-first" strategy to seek real business value.
The Evolutionary History of Contract Algorithms: A Decade of Perpetual Contracts, the Curtain Has Yet to Fall
The ten-year evolution of perpetual contracts: from pulling the plug on 312 to the shocking short squeeze of TRB, a deep dive into the pricing machine that averages $200 billion daily, written with countless liquidations and real money, detailing the blood and tears of risk control theory.
Kicked out by PayPal, Musk aims to make a comeback in the cryptocurrency market
Cashtags generated a trading volume of 1 billion dollars just a few days after its launch, marking a strong start for Musk's super app strategy. For the cryptocurrency market, X's layout may be one of the most anticipated sources of retail growth after the meme coin craze subsides.
Solana ETF News: What Is a Solana ETF and Why Is Goldman Sachs Betting $108 Million on SOL?
Solana ETF news today shows Goldman Sachs disclosed a $108M position while total SOL ETF inflows reached $1.45B. Analysts now expect up to $6B in institutional demand as Solana trades 71% below its all-time high.
Bitcoin ETF News Today: $2.1B Inflows Signal Strong Institutional Demand for BTC
Bitcoin ETFs news recorded $2.1B inflows over 8 consecutive days, marking one of the strongest recent accumulation streaks. Here’s what the latest Bitcoin ETF news means for BTC price and whether the $80K breakout level is next.
Michael Saylor: Winter is Over – Is He Right? 5 Key Data Points (2026)
Michael Saylor tweeted yesterday “Winter‘s Over.” It is short. It is bold. And it has the crypto world talking.
But is he right? Or is this just another CEO pumping his bags?
Let us look at the data. Let us be neutral. Let us see if the ice has really melted.
WEEX Bubbles App Now Live Visualizes the Crypto Market at a Glance
WEEX Bubbles is a standalone app designed to help users quickly understand complex crypto market movements through an intuitive bubble visualization.
Polygon co-founder Sandeep: Writing after the chain bridge chain explosion
In three weeks, Drift, Hyperbridge, and KelpDAO were consecutively hacked, resulting in nearly $900 million in losses. Polygon's CEO wrote that the problem lies not with any single team, but with the "notary" style architecture shared by the entire industry—relying on one or two signers to stamp cro...
Major Upgrade on Web: 10+ Advanced Chart Styles for Deeper Market Insights
To deliver more powerful and professional analysis tools, WEEX has rolled out a major upgrade to its web trading charts—now supporting up to 14 advanced chart styles.
Morning Report | Aethir secures a $260 million enterprise contract with Axe Compute; New Fire Technology acquires Avenir Group's trading team; Polymarket's trading volume surpassed by Kalshi
Overview of Important Market Events on April 23
How to balance risk and return in DeFi yields?
Have these yields ever been reasonable? Have we ever received the compensation we deserve for the risks taken in DeFi, and where should the future spreads be set?
Tom Lee's Ethereum Thesis: Why the Man Who Called the Last Cycle Is Doubling Down on Bitmine
Tom Lee is emerging as one of Ethereum’s most influential supporters. From Fundstrat to Bitmine, his Ethereum thesis combines staking yield, treasury accumulation, and long-term network value. Here is why “Tom Lee Ethereum” has become one of crypto’s most watched narratives.
Naval personally takes the stage: The historic collision between ordinary people and venture capital
Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...
a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins
Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.
Refutation of Yang Haipo's "The End of Cryptocurrency"
This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...
Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets
Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.
App