Ethereum price analysis: Ethereum establishes a higher low at $2,350, prepares to spike higher? There has been a lot of news lately in the world of cryptocurrency, and the latest has been the big Ethereum price move. Ethereum, the second most valuable cryptocurrency on the market behind Bitcoin, has taken quite a bit of a beating recently, and in the last 24 hours it seems to have found some new footing.

Ethereum price analysis: Ethereum establishes a higher low at $2,350, prepares to spike higher?

So, what is the current Ethereum price? How does it compare to the prices in recent weeks? And what obviously caused the current Ethereum price increase? In this article, we take a look at this question. We also take a look at some of the leading Ethereum news, which may be contributing to the recent price increase.. Read more about eth news today and let us know what you think.

Summary of the situation

  • ETH peaked yesterday.
  • The price has risen above $2,500 again in recent hours.
  • The next resistance is at the $2,900 level.

Ethereum’s price analysis for today is bullish, as the market has set a higher low and is preparing to move towards the next resistance at $2,900 later this week. Crypto-currency heat map. Source: Coin360 Ethereum price analysis: Ethereum establishes a higher low at $2,350, prepares to spike higher? Overall, the market traded in the green for the past 24 hours, with risers posting gains overnight. Bitcoin was up 4.38% and Ethereum was up nearly 2%. Solana (SOL) is one of the best performing stocks with a return of over 18.76%.

Ethereum price movement in the last 24 hours

ETH/USD was trading in the range of $2.315 – $2.554, indicating moderate volatility over the past 24 hours. Trading volume rose 6.86% to $38.4 billion. Meanwhile, the total market capitalization is $295.2 billion, representing a market dominance of 19.16%.

ETH/USD 4-Hour Chart – Is the ETH ready to break above $2,900?

On the 4-hour chart, we can see that the Ethereum price has established a base from which it can move higher during the week. 4 hour chart ETH/USD. Source: TradingView Ethereum price analysis: Ethereum establishes a higher low at $2,350, prepares to spike higher? In recent weeks, the market has generally been on a downward trend. After hitting a new all-time high at $4,400, ETH/USD fell more than 60% before the bears brought it back to $1,725. The ETH/USD then showed the first signs of recovery and the $2,900 level was again tested as resistance. After the downward move, the ETH/USD established a higher low and tested the $2,900 level for the third time. On Monday, ETH/USD pulled back and dipped below $2,500 before finding support at $2,350. Thus, a new higher low has been established and we can expect Ethereum to rise further later this week. The next target is around the $3,200 mark, which represents a potential gain of over 25% if achieved above the current market price. The move towards the $3,200 mark also means that Ethereum has become even more bullish, and the market is expecting many more rises in the coming weeks.

Ethereum Price Analysis: Supplement

Ethereum’s price analysis is bullish as it hit a new low yesterday and is forming a base from which it will continue to rise in the coming days. Therefore, we expect ETH to break through the $2,900 resistance level by the end of the week and make a new high at $3,200. In anticipation of another Ethereum price spike, read our latest guide on the Bitcoin crash, how to buy Cardano and how to mine Zcash. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Ethereum has had a tough time recently, but no one would ever blame Ethereum for the woes of the crypto market. Instead, we blame the current bear market on the overall weakness of the broader cryptocurrency markets, including Ethereum’s biggest competitor Bitcoin.. Read more about will ethereum crash 2021 and let us know what you think.

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