El Quevin
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$ETH Ethereum, the second largest cryptocurrency by market capitalization, is used as fuel for the Ethereum network, which enables the creation of decentralized applications and smart contracts. Its current price is around $1795 USD, showing a slight recovery in the last 24 hours.
For today, predictions suggest that Ethereum could face resistance around $1812 USD, coinciding with its 50-day moving average. However, if it manages to surpass this level, the next target is near $2111 USD. On the other hand, a key support level is found around $1696 USD, the 20-day moving average. If the price falls below this point, it could drop to $1537 USD. The overall market sentiment appears slightly bullish, with analysts optimistic about the possibility of ETH exceeding $2000 USD in the short term, although caution is advised due to the inherent volatility of the cryptocurrency market.
For today, predictions suggest that Ethereum could face resistance around $1812 USD, coinciding with its 50-day moving average. However, if it manages to surpass this level, the next target is near $2111 USD. On the other hand, a key support level is found around $1696 USD, the 20-day moving average. If the price falls below this point, it could drop to $1537 USD. The overall market sentiment appears slightly bullish, with analysts optimistic about the possibility of ETH exceeding $2000 USD in the short term, although caution is advised due to the inherent volatility of the cryptocurrency market.
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