Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Ethereum’s price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself. 

The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in line with a similar pattern from that preceded an Ethereum price rally last year.

Ethereum Repeating Falling Wedge Pattern

Ethereum has largely underperformed this cycle without any clear breakout yet. Furthermore, the cryptocurrency has yet to recover towards its 2021 all-time high unlike many of its other crypto counterparts with large market caps. 

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Technical analysis of the current Ethereum price action shows that the leading altcoin has been trading in a decline since the beginning of the year. This decline has been characterized by the formation of lower highs and lower lows, which is quite like a falling wedge pattern. What’s very interesting is that this wedge pattern on the Ethereum price chart is developing between the 50-day and 200-day moving averages, which makes it even more peculiar.

The TradingView analyst highlighted that the current falling wedge price structure mirrors the March 2024 pattern, which saw Ethereum forming a triple bottom before breaking out and reaching the 0.786 Fibonacci extension level. If the same scenario unfolds, the current falling wedge could serve as a launchpad for a price surge towards a target at the $3,800 level. This represents a potential 20% upside from Ethereum’s current trading range.

Resistance Levels Could Delay the Rally

At the time of writing, Ethereum is trading at $3,180, up 1% in the past 24 hours. This marks a steady climb from the lower end of the wedge pattern, bringing the cryptocurrency closer to breaking above the upper trendline around $3,250. 

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While the technical setup leans bullish after the predicted breakout, it is important to note that Ethereum faces a significant resistance hurdle between $3,400 and $3,500. Sellers positioned at this resistance zone have acted as a strong barrier in recent months, and they have successfully stalled previous attempts by the bulls to push higher.

If Ethereum fails to break through the upper end of this range, another temporary rejection could occur before any sustained move toward $3,800.

If Ethereum successfully clears the $3,500 resistance, it could pave the way for a more extended bullish trend, with $3,800 as the next logical target. Notably, this $3,800 target reflects a tempered outlook on Ethereum compared to past market expectations, a sentiment shaped by its recent price action. However, if strong bullish momentum builds toward $3,800, it could trigger an even larger push toward the $4,000 mark.

Featured image from Unsplash, chart from Tradingview.com

Speculations about Ethereum’s potential for a major upswing to a new all-time high in the ongoing cycle swells within the community as many wonder why ETH has underperformed compared to other altcoins. Several factors have been considered to have hindered ETH’s much-awaited rally including weak whale activity.

Is Large Investors’ Interest In Ethereum Fading?

The euphoria among whale Ethereum investors sparks worries as large-scale transaction volume fails to show any significant increase in the ongoing market cycle. Verified author at the CryptoQuant on-chain platform IT Tech underlined the negative trend, suggesting a lack of strong whale activity.

The development implies that high net worth and institutional investors are still cautious as major ETH transfers remain at a low range. With large transactions fading, ETH may face significant hurdles since whale activity typically fuels price increases.

IT Tech considers Ethereum’s large transactions to be low in contrast to past cycles such as 2017 and 2021, where these transfers were rampant. This goes to say that the market is more retail-driven and organic, rather than speculative mania.

While there have been small increases in whale activity, the expert outlined that they are not at levels that would indicate a sell-off or parabolic move. In the meantime, IT Tech urges investors to look out for unexpected spikes in whale activity since they typically come before significant price changes.

According to the expert, Ethereum is experiencing a gradual upward trend. However, the next significant change in market dynamics will be determined by whale movements. Presently, the altcoin has reclaimed the $3,000 mark as prices recover after a general market pullback, bringing the next crucial resistance point at $3,500. 

In order to confirm a break through the $3,500 mark, IT Tech claims there must be an increase in large transaction volume. If ETH does not see a rise in these transactions, it could witness a consolidation phase or a notable pullback.

IT Tech expects a pullback toward the $2,800 and $2,500 level if the large transaction coincides with price weakness, which might lead to whale distribution and cause ETH to drop. With this subdued movement, ETH’s sustainability is being questioned, triggering uncertainty about its next big price action.

ETH’s Uptrend Set To Face Volatility?

ETH is hovering between $3,000 and $3,200 with slight bullish momentum. Nonetheless, crypto expert and trader, Titan of Crypto has identified a trend that might strengthen Ethereum’s upward movement in the coming days.

Examining ETH’s price on the daily chart, Titan of Crypto expects an upswing following a breakout from a Falling Wedge pattern. This pattern is supported by an impending RSI bullish divergence, which could fuel more price spikes toward key resistance levels.

Even though Ethereum is demonstrating upside potential, the expert believes that volatility may unfold shortly after the recently concluded FOMC meeting.

Featured image from Unsplash, chart from Tradingview.com