Ethereum\u2019s price was down 2.9% for the 1-month view to start the weekend. But it was down even more, by -38%, over the 1-year view.<\/p>\n
That could be a buying opportunity for cryptocurrency investors and altcoin traders to scoop some Ether tokens at a discount. In fact, one popular Crypto X analyst recently pointed out that Ethereum\u2019s price chart exhibits a potential bullish breakout up ahead.<\/p>\n
MN Fund founder Micha\u00ebl van de Poppe wrote in an update on Wednesday, Apr. 30:<\/p>\n
\u201c$ETH is consolidating before a big breakout upwards. The liquidity is up for grabs, it just needs a news related item to kick it off.\u201d<\/p>\n
$ETH<\/a> is consolidating before a big breakout upwards.<\/p>\n The liquidity is up for grabs, it just needs a news related item to kick it off. pic.twitter.com\/VQaGvfZcA0<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 30, 2025<\/a><\/p>\n\n De Poppe then shared a TradingView screen grab of descending wedge lines with steeper lines of resistance and flattening lines of support. This is a classic chart indicator of a bullish reversal from a downward trend.<\/p>\n It is an especially suggestive indicator in this case because it has the textbook declining daily trade volume as the trend lines converge.<\/p>\n One commentator replied<\/a> to van de Poppe:<\/p>\n \u201cYeah that ETH chart\u2019s wound tighter than a drum rn. Consolidation screams pre-breakout vibes. Just need that catalyst like you said. What kinda news are we realistically looking for tho?\u201d<\/p>\n Ethereum founder Vitalik Buterin\u2019s new 2025<\/a> roadmap for the cryptocurrency may pull its community back together.<\/p>\n The number two ranked cryptocurrency by total market cap has been in a price doldrums on Bitcoin\u2019s current multi-month upswing. But that doesn\u2019t mean it\u2019s all over for Ethereum yet.<\/p>\n The leading smart contract altcoin has seen price growth deflate while several L2s grew vastly in market cap since the Dencun Upgrade in Mar. 2024.<\/p>\n These Layer 2 zip file style solutions to speeding up Ethereum have been<\/a> making most of the percentage gains because that\u2019s what the new incentive structure rewards.<\/p>\n The same day as his Ethereum falling wedge update, van de Poppe reminded followers the extreme bearish sentiment on many altcoins at the moment is a window of opportunity to capture ROI when the market turns again.<\/p>\n The next leg upwards is on the horizon for the #Crypto<\/a> markets.<\/p>\n The bearish sentiment remains extreme on #Altcoins<\/a> and that\u2019s an ideal ingredient for the next leg up.<\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) April 30, 2025<\/a><\/p>\n\n The post Crypto X Analyst Spots \u2018Big Breakout\u2019 for Ethereum<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum\u2019s price was down 2.9% for the 1-month view to start the weekend. But it was down even more, by -38%, over the 1-year view. That could be a buying opportunity for cryptocurrency investors and altcoin traders to scoop some Ether tokens at a discount. In fact, one popular Crypto X analyst recently pointed out […]<\/p>\n","protected":false},"author":0,"featured_media":64088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64087"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64087"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64088"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Vitalik Buterin New Ethereum Roadmap for 2025<\/h2>\n