Ethereum (ETH) has indeed surged around 5% in the past 24 hours, with its price currently trading at $3,367.24 ¹. This upward momentum is a positive sign for ETH investors, with the cryptocurrency showing strong momentum and gaining traction.
Some key highlights of ETH's current performance include:
- *Intraday High and Low Prices*: ETH's intraday high price reached $3,473, while its low price was $3,188.61 ¹ ².
- *Market Sentiment*: ETH is currently trading above both $3,300 and the 100-hourly Simple Moving Average, indicating positive market sentiment ².
- *Resistance Levels*: Key resistance levels are established at $3,480 and $3,500, with potential upside targets at $3,550 and $3,650 ².
It's worth noting that every single ETH/BTC pump over 5% has marked a local top this year, except in August ³. However, this doesn't necessarily mean the current surge won't continue