$ETH

Ethereum Performance Today 👇:

Current Price: Around $2,765 (-0.5%)

Daily Trading Range: Between $2,711 and $2,821

📈 Recent Market Steps

Ethereum rose on Wednesday, reaching levels close to $2,800 before retreating slightly, supported by a collective rise in the cryptocurrency market and leading the market with strong performance amid anticipation of U.S. inflation data.

Over the last 24 hours, it performed well, recording an increase of nearly 4%, with trading in large volumes reaching about 560,900 ETH (~$1.5 billion).

Ethereum reached its highest price in 15 weeks on June 11, recording $2,833, before retreating slightly to a stable market around $2,788.

🎯 Technical and Fundamental Analysis

Ethereum broke a strong resistance at $2,700 – $2,800, and is currently monitoring the psychological resistance line at $2,835 as the next step that could lead it towards $3,000 – $3,150.

Technical indicators such as RSI and DMI indicate a bullish momentum, although the market has entered overbought territory, which may lead to a temporary correction before continuing the upward trend.

On the institutional front, inflows into Ethereum products are high; for example, the iShares Ethereum Trust from BlackRock, in addition to significant institutional entry and increased whale accumulation on the Ethereum network.

🔍 Quick Summary

Ethereum is currently experiencing notable growth with strong momentum and large trades, having surpassed significant resistance levels.