Ethereum May 23 - Its approach to the $2900 threshold could lead to a sharp increase in the price of Ethereum
ETH price regains resistance at $2700
ETH has entered a new bullish phase after breaking the downtrend line and returning above $2000.
Recently, the price has bounced around the upward moving averages of 9 and 18, and is now again against resistance at $2700.
Bitcoin price has continued to rise since its market low of around $75000. It has just achieved several weeks of gains, has reached an all-time high, and could even be heading towards $130,000.
Ethereum (ETH) responded well around $1500, but it is still far from its all-time high in 2021.
Can ETH accelerate towards its highs in 2024 and 2021? We are taking inventory in the newsletter of the king of cryptocurrencies!
Ethereum price must break the $2900 level to reach its peak in 2021.
The price of Ethereum has risen from below $1500 to around $2700 in just a few weeks. However, the price still needs to rise over 80% to reach its all-time high in 2021. Let us know your thoughts in the comments.
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