ETH breaks through the 2,400 USD mark, recording an impressive increase of 7.08% in one day
According to the latest market data updated on June 24, the price of Ethereum (ETH) has surpassed the resistance level of 2,400 USD, currently trading at 2,407.68 USD/coin. This is a strong advancement that demonstrates a clear rebound in the bullish trend of this cryptocurrency.
Technical Analysis: ETH Continues to Set New Highs
ETH rose 7.08% within 24 hours, showing abundant buying power and relatively low selling pressure. The recovery momentum of Ethereum is stemming from positive technical signals such as breaking through the ascending triangle pattern and a sudden spike in trading volume. This indicates that investors are intensifying their accumulation, laying a solid foundation for the next upward moves.
The impact of the price increase event on the cryptocurrency market
The breakthrough of ETH past the 2,400 USD milestone not only strengthens its position but also stimulates positive sentiment for the entire DeFi ecosystem. Many projects built on the Ethereum network are expected to benefit from the influx of talent-driven capital. At the same time, FOMO capital flow may also drive significant volatility on exchanges.
Outlook and investment opportunities
The upward momentum of ETH opens attractive opportunities for long-term investors and short-term traders. However, attention should be paid to support levels like 2,300 USD and the next resistance level near 2,500 USD for an effective trading strategy. Closely monitoring on-chain information and trading data will enhance investment performance in this volatile market.
Conclusion
Ethereum is solidifying its position in the rankings of the world's largest cryptocurrencies with an impressive price increase of over 7% in just one day. Smart investors need to take advantage of this moment to assess long-term growth expectations and sustainable profit opportunities in an ever-changing market.
Source: https://tintucbitcoin.com/eth-vuot-2-400-usd-xu-huong-moi/
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