$ETH

Today, the price of Ethereum (ETH) has recorded a significant increase, reaching approximately 1,797.54 USD, equivalent to about 46,200,000 VND, up 2.64% compared to yesterday. This is the highest level in the past two weeks, reflecting a strong recovery of the cryptocurrency market.​

The main drivers behind this upward trend include the weakening of the USD and expectations that the U.S. Federal Reserve (Fed) will maintain interest rates in the near future. Additionally, buying activity from institutional investors and cryptocurrency whales also contributes to supporting the price of ETH.​

Technically, ETH is approaching a key resistance level at 1,800 USD. If it surpasses this level, ETH could aim for the next target of 1,900 USD. However, if it fails to maintain the upward momentum, ETH may return to the support area around 1,600 USD.​

Investors need to closely monitor macroeconomic factors and market developments to make appropriate decisions. Although the short-term outlook for ETH is positive, the cryptocurrency market still carries a lot of volatility.