Ethereum (ETH) has maintained a positive trajectory above the $2,500 resistance level, outpacing Bitcoin (BTC) by surpassing the $2,650 resistance zone. Despite a correction from the recent multi-week high of $2,683, Ethereum remains resilient with key support levels and indicators suggesting a potential rally towards $2,800.
Source:ETHUSD on TradingView.com
In summary, Ethereum's current stability above key support levels and the 100-hourly SMA suggests a favorable outlook. A successful breach of resistances could pave the way for a rally towards $2,800, while a failure might trigger corrective moves with important support levels to watch. Traders should closely monitor price movements for potential opportunities in this dynamic market.
Ethereum (ETH) faces correction amid geopolitical tensions, yet rebounds above $3,000. Despite profit loss, a significant whale accumulates ETH aggressively, signaling confidence in long-term prospects. HODLing trend suggests optimism despite neutral market sentiment. Anticipation grows for Bitcoin's halving impact on ETH's future trajectory.
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