Ethereum poised for takeoff! Price firmly holds the key support level of $2450, is a breakthrough of $2700 imminent?
Ethereum's price is as solid as a rock, firmly maintaining the critical support level of around $2450, on the verge of breaking through! Supported by the long-term lower boundary of a symmetrical triangle, the technical landscape presents a strong bullish pattern, with market focus concentrated at this critical moment.
Despite a nearly 40% drop in spot trading volume over the past 24 hours, the price remains resilient, showing strong bullish momentum as investors hold their breath waiting for a clear direction. Once a successful breakthrough of the $2700 resistance occurs, it is highly likely to trigger a new wave of explosive growth, igniting bullish enthusiasm!
Currently, Ethereum's market capitalization is approximately $295 billion, with futures open interest reaching $6.39 billion. The financing rate indicates a clear bullish sentiment and moderate leverage levels, while selling pressure has significantly eased due to the completion of token supply unlocks, making short-term selling pressure no longer a resistance.
The range between $2450 and $2700 will become the barometer for future trends, as market giants have already begun to bet on this potential explosive event that could change the market! Get ready for Ethereum's next round of surging, as wealth opportunities are right in front of us!
