The News Crypto -
- Ethereum price has observed a 4.41% increase in the last 24 hours.
- This week anticipates the launch of ETH spot ETFs.
Welcome to spot eth ETF approval week…Meanwhile, the liquidation of Ethereum in the last 24-hour time frame with a liquidation of $24.89 million worth of ETH. Over the past six hours, nearly 57,879 ETH worth $193 million, exchanged among Ethereum whales across various exchanges including Binance, Kraken, and Coinbase (NASDAQ:COIN). Will the Bulls Breach the Next Resistance?ETH climbed from $2,906, resulting in a spike of 9.48% over the past week. By evaluating the monthly price chart, ETH was down by 5.52% hitting a monthly low in the range of $2.8K. At the press time, ETH traded at $3,347, with a market cap of $402 billion. The daily trading volume has increased by 35.50% and stood at $13.38 billion, according to CMC data. The daily relative strength index (RSI) stands at 54.29, suggesting the asset is in the neutral zone. The short-term 9-day moving average (9MA) of $3,123 is below the 21-day moving average (21MA) of 3,226 and both the MAs stay below the current price, indicating a bullish trend. ETH Price Chart (Source: TradingView) If the ETH bull revival occurs, the price may find the initial resistance at $3,517. And further, it might test a higher resistance at the $3,730 range if the bulls stayed strong. If the bulls fail to defeat the bear hold, the ETH price may fall to $3K. The immediate support may likely be found at $2,797. Highlighted Crypto News ChromaWay and EU to Continue Blockchain-Based Sustainability CollaborationI’m calling it.
Don’t know anything specific, just can’t come up w/ good reason for any further delay at this point.
Issuers ready for launch.— Nate Geraci (@NateGeraci) July 14, 2024
This article was originally published on thenewscrypto.com
