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Thursday, February 29, 2024
More
    bitcoin
    Bitcoin (BTC) $ 62,863.84
    ethereum
    Ethereum (ETH) $ 3,481.02
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 416.20
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.596834
    binance-usd
    BUSD (BUSD) $ 1.01
    dogecoin
    Dogecoin (DOGE) $ 0.128122
    cardano
    Cardano (ADA) $ 0.694858
    solana
    Solana (SOL) $ 131.74
    matic-network
    Polygon (MATIC) $ 1.05
    polkadot
    Polkadot (DOT) $ 8.80
    tron
    TRON (TRX) $ 0.143724

    Ethereum Struggles Beneath $2,131 And Goals For The Highest Value

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    BuyBitcoinsWithUsdEur

    Ethereum (ETH) has been buying and selling above the psychological value barrier of $2,000 since November 22.

    Lengthy-term evaluation of the Ethereum value: bullish

    Ethereum coin is step by step rising and retesting the $2,131 degree. As soon as patrons overcome the resistance at $2,131, Ether will attain a excessive of $2,200. On the time of writing, Ether has reached a excessive of $2,070.

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    In accordance with the value indicators, the market will rise to a excessive of $2,198. Nonetheless, the altcoin is buying and selling within the overbought zone of the market. The present uptrend is predicted to face resistance above the excessive of $2,200 because the market is taken into account overbought. If the altcoin is rejected at its latest excessive, it’s going to commerce between $2,000 and $2,200.

    Evaluation of the Ethereum indicators

    On November 22, Ether resumed its uptrend because the bulls purchased the dips after the bears fell beneath the 21-day SMA. The 21-day SMA has acted as help for the cryptocurrency because it has rallied. Ether continues to rise as the value bars transfer again above the shifting common strains.

    Technical Indicators:

    Key resistance ranges – $1,800 and $2,000

    Key help ranges – $1,600 and $1,400

    What’s subsequent for Ethereum?

    The most important altcoin will most certainly attain a excessive of $2,200. Nonetheless, additional good points above the $2,200 excessive are unsure. At a excessive of $2,200, sellers will emerge and drive costs down. Within the meantime, the most important altcoin has been slowly climbing upwards.

    See also  Cryptocurrency Exchanges Face Unprecedented Liquidity Crunch

    On November 20, Ether has risen above the psychological value barrier of $2,000 per coin.

    Disclaimer. This evaluation and forecast are the non-public opinions of the writer and are usually not a advice to purchase or promote cryptocurrency and shouldn’t be considered as an endorsement by CoinIdol.com. Readers ought to do their analysis earlier than investing in funds.

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