• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: BREAKING: Saylor's Strategy Misses S&P 500 Inclusion, Robinhood Takes Spotlight
Ethereum

Ethereum SuperTrend Signal That Led To 120% Price Surge In 2023 Has Returned, Why ETH Could Reach $7,500

Scott Matherson
by Scott Matherson
9 months ago
·
Posted in Altcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Ethereum (ETH) price rallied by about 10% on Wednesday to clear the $3,550 resistance zone very swiftly. Interestingly, this bullish price action has led to a bullish signal on a popular indicator used for predicting price outlook. Notably, the SuperTrend buy signal has resurfaced, bringing into question Ethereum’s potential to replicate its past performance after such a signal and move toward the $7,500 price level.

Crypto Analyst Highlights The Significance Of The SuperTrend Buy Signal

Renowned crypto analyst Tony “The Bull” Severino, CMT, took to the social media platform X to highlight the reemergence of the SuperTrend buy signal on the Ethereum price chart. Particularly, this SuperTrend buy signal was noted on the weekly candlestick timeframe, meaning that the projected bull surge is going to play out on a larger time period. 

Tony Severino pointed out the historical impact of the SuperTrend buy signal, stating, “Ether did a 120% rally after 2023’s buy signal. Another 120% from today’s signal would be $7,500 per $ETH.”

The SuperTrend indicator, which is designed to identify clear buy or sell signals based on market trends, previously highlighted a buy signal for ETH in early 2023. During that time, the Ethereum price was trading around $1,300. Although the Ethereum price dipped a bit after the buy signal when observing from a smaller time period, it eventually picked up steam in the last quarter of 2023. 

From that point, the Ethereum price surged by around 170% from a low of $1,536 in October 2023 until it crossed above $4,000 in March 2024, essentially validating the weekly SuperTrend buy signal. In light of this, its reliability as a directional guide has earned it a respected place among technical analysts and traders.

Today, the SuperTrend buy signal has reappeared after printing a sell signal earlier in the year. If the Ethereum price mirrors its 2023 performance, a 120% rally from its current price range would bring it to approximately $7,500. In terms of a timeframe, we can only look towards the previous price performance. Therefore, the Ethereum price could reach its peak sometimes in the middle of 2026. 

 

Ethereum SuperTrend
Source: X

Technical Analysis Supports The Bullish Outlook For Ethereum To $7,500

Building upon the SuperTrend signal, other technical indicators further reinforce Ethereum’s bullish outlook. Recent analysis shows that ETH has established a strong upward movement, maintaining levels above the key support at $3,250 and approaching resistance zones near $3,685.

The hourly Relative Strength Index (RSI) is reading around 50, suggesting that ETH has not yet entered overbought territory. Additionally, the Moving Average Convergence Divergence (MACD) for ETH/USD is gaining momentum in the bullish zone, indicating a potential for continued upward momentum.

At the time of writing, the Ethereum price is trading at $3590, having reached an intraday high of $3,682 in the past 24 hours. 

Ethereum price chart from Tradingview.com
ETH price rises above $3,600 | Source: ETHUSDT on Tradingview.com
Featured image created with Dall.E, 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.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Scott Matherson

Scott Matherson

Follow

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Full Profile

Related Posts

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

TRON Selected By US Department Of Commerce To Publish Economic Data Onchain

2 days ago
acheter-token6900-avant-claim

Dernières 24h pour acheter TOKEN6900 avant le claim !

3 days ago
Ethereum

Ethereum Scores Milestone As Chinese Firm Floats 1st Public RWA Bond

4 days ago
XRP

SEC Receives Filing For XRP Option ETF From $12-B Amplify

6 days ago
Tether

Tether Loses Its Shine As Market Dominance Slides To 60%

6 days ago
Ethereum

Fundstrat’s Tom Lee Reveals Why Investors Left Ethereum For Solana – Details

1 week ago

Premium Sponsors

Press Releases

  • minwer

    XRP Holders Can Earn $10,000 a Day Through COME...

    19 hours ago
  • BTC prices hit a two-week high, and holders flocked to GMO...

    20 hours ago
  • miner

    Cardano (ADA) Market Outlook: Long-term Potential Passive...

    20 hours ago
  • etnminer

    How to Play to Earn Crypto in 2025: Discover 6 Most...

    1 day ago
  • miner

    BAY Miner Cloud Mining App Launches with ETH and BTC Users...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.