{"id":361580,"date":"2021-11-02T22:30:43","date_gmt":"2021-11-02T19:30:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\/"},"modified":"2021-11-02T22:30:43","modified_gmt":"2021-11-02T19:30:43","slug":"analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\/","title":{"rendered":"# Analysts say \u2018impulse move\u2019 could send Ethereum price into the $6K to $14K range"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a379c3b780ee\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a379c3b780ee\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\/#ETH_could_%E2%80%9Cimpulse_wave%E2%80%9D_to_6000\" >ETH could &#8220;impulse wave&#8221; to $6,000<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\/#Analysts_expect_%E2%80%9Canother_breakout_soon%E2%80%9D\" >Analysts expect \u201canother breakout soon\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\/#2017_fractal_points_to_14000_ETH\" >2017 fractal points to $14,000 ETH<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Analysts say \u2018impulse move\u2019 could send Ethereum price into the $6K to $14K range <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Crypto markets have hit the ground running right from the start of November and today a near uncountable number of tokens have rallied to swing highs as Ether (ETH) broke above the $4,500 level and Bitcoin recaptured the $64,000 level. Polkadot (DOT) also hit another all-time high as investors accumulate tokens leading into the upcoming parachain auctions.<\/p>\n<p>The climbing price of Ether comes following the recent Altair update to the Ethereum beacon chain as part of the protocol&#8217;s transition to Eth2 and a proof-of-stake mechanism which has also seen more than 8 million Ether removed from circulation and staked in the Eth2 contract. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that since trading at a low of $2,780 on Sept. 29, the price of Ether has charged 62.54% higher in a little over a month to establish a new all-time high at $4,523 on Nov. 2.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/ea6b45de-a90a-4572-8b01-4b3ebff4fe42.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what traders and analysts are saying about the recent price action for Ether and where the token may be headed in the months ahead. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"ETH_could_%E2%80%9Cimpulse_wave%E2%80%9D_to_6000\"><\/span>ETH could &#8220;impulse wave&#8221; to $6,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A simple, straightforward price projection for Ether was offered by Cointelegraph contributor Micha\u00ebl van de Poppe, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoMiich\/status\/1455102245574414338\">posted<\/a> the following chart estimating an &#8220;impulse move&#8221; from $6,000 to $6,400 which could occur sometime between November 2021 and January 2022. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/99276533-d738-4be8-a0ca-03c083fc1482.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/USDT 1-day chart. Source: <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>van de Poppe said, <\/p>\n<blockquote><p>\u201cEthereum impulse wave target could be $6,000.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Analysts_expect_%E2%80%9Canother_breakout_soon%E2%80%9D\"><\/span>Analysts expect \u201canother breakout soon\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A word of warning for profit-takers was provided by options trader and pseudonymous Twitter user \u2018John Wick\u2019, who suggested that another breakout in Ether as a imminent possibility. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/e4aeb5fb-1f68-45f2-9bbf-4b3c0b3ce3dc.jpg\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Wick said, <\/p>\n<blockquote><p>\u201cEthereum continues to make new ATHs. Those that have been waiting all those months with us absolutely deserve this\u2026 Technically we have another Squeeze shading. Watch out for another breakout soon!\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ethereum price hits a new high above $4,500 right as Bitcoin recaptures $64K<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2017_fractal_points_to_14000_ETH\"><\/span>2017 fractal points to $14,000 ETH<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A final perspective offered by on-chain analyst Matthew Hyland compares Ether&#8217;s price action in 2017 with the current market structure of ETH. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> is just getting started&#8230;<\/p>\n<p>The extreme move is coming<\/p>\n<p>$14,000+ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5XSYoxAJ6F\">pic.twitter.com\/5XSYoxAJ6F<\/a><\/p>\n<p>\u2014 Matthew Hyland (@Parabolic_Matt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Parabolic_Matt\/status\/1454996717418557444?ref_src=twsrc%5Etfw\">November 1, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If the suggested fractal pattern does in fact play out, Hyland pointed to a potential rally to at least $14,000 over the next 2 to 3 months. <\/p>\n<p>The overall cryptocurrency market cap now stands at $2.728 trillion and Ethereum\u2019s dominance rate is 19.4%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/analysts-say-impulse-move-could-send-ethereum-price-into-the-6k-to-14k-range\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Analysts say \u2018impulse move\u2019 could send Ethereum price into the $6K to $14K range &#8221; Crypto markets have hit the ground running right from the start of November and today a near uncountable number of tokens have rallied to swing highs as Ether (ETH) broke above the $4,500 level and Bitcoin recaptured the $64,000&#8230;<\/p>\n","protected":false},"author":1,"featured_media":361581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvNWY3ZWE5ZTAtMDlmMy00OWQ4LTliMDctZTVhNmFjZGY5OWIxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74863,82402,74891,75326,74938,75150,73785],"class_list":["post-361580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-cryptocurrencies","tag-ether-price","tag-ethereum","tag-ethereum-2-0","tag-ethereum-price","tag-market-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=361580"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/361580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/361581"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=361580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=361580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=361580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}