Tag:

level

Ethereum
Crypto Trends

Ethereum’s March To $3,000 Depends On Holding Above This Key Resistance Level

by admin


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Given the growing bullish momentum across the general crypto market, Ethereum is showing early signs of an upward movement as it draws close to key resistance levels. While ETH is gaining traction, a crypto analyst underlined a particular price level where the altcoin could muster enough strength for its next major rally.

Technical Level To Ignite Ethereum’s Rally

Ethereum is preparing for a notable upward move following the renewed market surge, mainly triggered by Bitcoin’s significant growth in the past few days. Technical and on-chain analyst, Ali Martinez, has highlighted an impending upswing for ETH, pointing to a key zone in the journey toward higher price levels.

According to the expert’s analysis, this crucial resistance zone ahead has historically acted as a turning point for upside movements. However, this zone may either signal the start of a new consolidation cycle or confirm the strength of the current rally.

In the X post, Ali Martinez noted that Ethereum’s newfound strength hints at a spike to the $3,000 mark as it escapes the immediate barrier. ETH may be gearing up for a jump to this mark, but the altcoin must break and hold above the $2,588 zone.

ETH’s chart looks bullish | Source: Ali Martinez on X

Looking at the 1-hour chart, the anticipated upward move is further supported by a crucial Head and Shoulders formation, a technical pattern that mainly sparks notable price growth. With ETH breaking the resistance trend line of the pattern, Martinez is confident that the altcoin will hit the $3,000 range in the upcoming days.

Even though Ethereum is poised to rally, it appears the move will not be an easy ride for ETH, as several price levels have been observed acting as strong barriers against upside attempts. These barriers identified by Martinez include $2,668, $2,711, $2,774, and $2,827 at the Fibonacci levels of 1.272, 1.414, 1.618, and 1.786, respectively.

Ali Martinez’s prediction aligns with that of Michael Van De Poppe, a crypto analyst and founder of the MN Fund, who has previously forecasted a move to $3,000. Van De Poppe believes that with current momentum, ETH might hit this level very soon.

After analyzing ETH’s price action in the 6-hour time frame, the expert has highlighted the $2,410 range as a critical area that the altcoin must hold to lay the groundwork for its push to $3,000.

A Massive Triangle Pattern Forming On ETH’s Chart

In a larger time frame, particularly ETH’s 2-week chart, market expert Trader Tardigrade has revealed the formation of a massive Symmetrical Triangle pattern. A symmetrical triangle is a technical formation that precedes a notable uptrend or downtrend after a period of consolidation.

Presently, the altcoin is inching closer to the upper line of the triangle pattern at the $3,700 and $3,800 price range once again, indicating growing momentum. In the event of a breakout, Trader Tardigrade predicts a substantial surge to the $21,000 milestone.

ETH trading at $2,656 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

0 comments
0 FacebookTwitterPinterestEmail
A huge medieval town with a castle
Gaming Gear

In this new medieval city builder that launched on Steam today, build a sprawling town with the help of companions who level up and train their own apprentices

by admin



There’s a familiar start to City Tales: Medieval Era, a new city builder that launched on Steam today. You’ve got a few citizens that need housing and food and work, so you place a wood cutter’s camp near the trees, a gathering station near a berry patch, and a hunter’s cabin in the woods: stuff any city builder player has done plenty of times before.

But there are also some interesting twists on the city building formula. You don’t build homes for your citizens, you draw districts. Click on the map to create borders around the district, and your citizens will handle the rest: dividing up the district into plots and deciding where their houses go themselves. You can add other buildings to a district: a well, a market, a weaver’s shop, a lumber mill, but again, you don’t choose their precise location. Your wee little villagers handle that.

I like that approach. There’s something to be said for city builders where you’re 100% in charge and decide where every last structure is placed, but I also enjoy giving my citizens a bit of agency. It also tends to make a city feel like it’s growing organically.


You may like

Something else fun in City Tales: Medieval Era is the six named companions (you can choose their names if you wish) that you begin the game with. When you build a production quarry like a sawmill or a rock quarry, you assign one of these companions to run it. While they work and generate resources, they’ll level up, getting better at their jobs.

If you’re thinking, “Wait, I’m going to have way more than six production buildings, won’t I run out of available companions?” Don’t worry, because your companions are awesome. While they’re working and leveling up, they’re also training apprentices to take over for them. Once an apprentice is ready, you can assign your companion to another building, or keep them where they are to continue leveling up that skill until they’re a specialist.

(Image credit: Firesquid)

Companions will even request certain jobs, from time to time. Judith, who I had working away making planks in my lumber mill, approached me to ask if she could work on the cattle farm I was planning to build. She’d prefer if it were a sheep farm, which made sense—Judith’s bio mentioned that she had a loyal sheep dog—but at the very least it sounded like she was more interested in farming than churning out planks all day.

(Image credit: Firesquid)

This is a really nice touch: instead of parking randomized faceless NPCs into production buildings and forgetting about them for the rest of the game, it feels more like you have real people working to make your town successful, improving their skills, training other citizens, and even asking you for a choice of the jobs they do.

I’m not too far along in my own town yet, but I’m enjoying the organic approach to building and seeing my little companions grow their skills in City Tales: Medieval Era. It launched into early access on Steam today and is 10% off for the next two weeks.



Source link

0 comments
0 FacebookTwitterPinterestEmail
Close