Architectural Concept Design Collection

  • CONTACT
  • MARKETCAP
  • BLOG
Finances Investing and Crypto News
  • BOOKMARKS
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Reading: Will a crypto bull run include Ethereum? Market auction pattern points to $3,340 breakout
Share
  • bitcoinBitcoin(BTC)$101,193.81
  • ethereumEthereum(ETH)$2,415.77
  • tetherTether USDt(USDT)$1.00
  • rippleXRP(XRP)$2.09
  • binancecoinBNB(BNB)$630.78
  • solanaSolana(SOL)$143.55
  • usd-coinUSDC(USDC)$1.00
  • dogecoinDogecoin(DOGE)$0.170471
  • tronTRON(TRX)$0.267669
  • cardanoCardano(ADA)$0.62
Finances Investing and Crypto NewsFinances Investing and Crypto News
0
Font ResizerAa
  • Finance
  • Investment
  • Crypto
  • Market
  • News
Search
  • Finance
  • Investment
  • Crypto
    • Bitcoin
    • Blockchain
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
Finances Investing and Crypto News > Blog > Crypto > Ethereum > Will a crypto bull run include Ethereum? Market auction pattern points to $3,340 breakout
EthereumMarket

Will a crypto bull run include Ethereum? Market auction pattern points to $3,340 breakout

admin
Last updated: 02/06/2025 8:02 Chiều
admin
Published 02/06/2025
Share


Contents
Key technical pointsWhat to expect in the coming price action

Ethereum is resting above the critical 200-week moving average after breaking out of a major support zone. With volume rising and structure intact, a full market rotation toward $3,340 appears increasingly likely.

The current setup aligns closely with Market Auction Theory, a framework that explains how price tends to rotate between the value area low and the value area high. In Ethereum’s (ETH) case, the value area low was established between $1,400 and $1,600, where price was considered undervalued by market participants.

After testing that zone, ETH rallied with strength, reclaiming the point of control and pushing above the 200-week moving average.

Key technical points

  • 200-Week Moving Average Acting as Support: Price is currently holding above this high-timeframe support, indicating strength and long-term trend alignment.
  • $2,800 High Time Frame Resistance: This is the final local ceiling before a full rotation to the value area high at $3,340 can be completed.
  • Market Auction Theory Rotation in Play: Price has already moved from the value area low to the POC and now eyes the value area high.
Will a crypto bull run include Ethereum? Market auction pattern points to $3,340 breakout - 1
ETHUSDT (1W) Chart, Source: TradingView

The 200-week moving average is not just a technical indicator, it represents a key level where institutional interest often responds. Ethereum’s ability to hold above it after a strong impulse suggests that the trend is not only intact but may be accelerating. As price consolidates above this level, it builds a base for the next move higher.

Once $2,800 is breached with conviction, the next logical target is the value area high at $3,340. This would complete the full auction rotation as outlined in Market Auction Theory, which describes how price oscillates between areas of perceived value. A clean tap of the value area high would signal that price has reached the “overvalued” end of the spectrum, at least temporarily, before the market seeks new balance.

Supporting this setup is the ongoing influx in volume, particularly after the breakout from $1,600. This suggests that fresh buying interest is still strong, and as long as this momentum continues, Ethereum remains positioned for higher targets. Volume confirms demand, and currently, demand is pressing against resistance.

What to expect in the coming price action

As long as Ethereum continues to hold above the 200-week moving average and eventually breaks through the $2,800 resistance with strong volume, the path toward $3,340 remains technically valid. A full market auction rotation appears highly probable in the short to mid-term.

You Might Also Like

Morocco arrests key suspect in French crypto kidnapping spree

Ethereum Foundation reforms treasury strategy amid broader organizational shift

WhiteRock crypto soars over 110% amid rumoured partnership with Saudi Arabian oil giant

Uniswap introduces one-click token swaps

Webull taps Coinbase for crypto custody, trading, and staking

TAGGED:auctionbreakoutbullcryptoEthereumincludemarketpatternpointsrun

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article FARTCOIN price crashes 25% in a week, risks 30% further drop if $1 support breaks
Next Article Ethereum’s Pectra upgrade facing mounting exploit concerns
Leave a Comment

Để lại một bình luận Hủy

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *

Follow US

Find US on Socials
FacebookLike
- Advertisement -
Ad image
Popular News
which crypto broker is the better buy?
Emergency Funds: Importance and How to Build One
Debt Management: Strategies to Pay Off Debt Efficiently
Riot Platforms unloads 475 BTC in its biggest single-month Bitcoin sale to date
Revolut partners with Lightspark to add Bitcoin Lightning for UK and EEA users
- Advertisement -
Ad image

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Finances Investing and Crypto News

FICN.net brings you the latest in finance, investment, and crypto. Stay informed with expert insights, market analysis, and beginner guides. Whether you're new or experienced, FICN.net helps you explore opportunities, manage risks, and make smarter financial decisions in a fast-changing world.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad image
© 2024 Finance, Investment, and Crypto News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?