$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 in the cryptocurrency market.
The main drivers behind this increase include the weakening of the USD and expectations that the Federal Reserve (Fed) will maintain interest rates in the near future. Additionally, buying activity from institutional investors and cryptocurrency whales has also contributed to supporting the price of ETH.
Technically, ETH is approaching a critical resistance level at the 1,800 USD mark. 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 could return to the support area around the 1,600 USD level.
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 many uncertainties.
