🔵 Ethereum is at $3,200! Is a New Rally Coming?
Ethereum is trading at a strong level today, trading at $3,180. In parallel with BTC’s rise, ETH is also showing signs of recovery. But it’s not just about the price — on-chain data shows a revival on the Ethereum network:
• There is an increase in the number of transactions
• The amount of ETH staked is at an all-time high
• Whales (big players) continue to accumulate
Technical analysis:
The $3,200 level appears to be a short-term resistance. If this level is broken, the next targets could be $3,350 and $3,500. However, with the RSI indicator already around 70, it’s worth being a little cautious.
A small reversal pattern is visible in the ETH/BTC pair. Could this be the start of the altcoin season?
Do you think ETH will make its way to $4,000 this summer, or will BTC regain dominance?
Share your thoughts!
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