玩必归赵
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The price of Ethereum has soared to $2,660, continuing to recover with the support of increased market confidence. In the past 24 hours, ETH has risen by 4.82%, and in the past 7 days, it has increased by 4.16%, with increased trading volume and restored investor interest providing support.
ETH/USD chart for the past month - TradingView
Ethereum currently has a market capitalization of $321 billion, with a 24-hour trading volume exceeding $38 billion, indicating strong market activity and momentum.
According to the weekly chart, Ethereum has broken through the $2,535 region and is approaching the 50-week simple moving average (SMA) of $2,749. This is a key technical resistance level. If ETH can close above this line, it may confirm a breakout from a bearish structure that has persisted for months.
ETH/USD 1-week chart - TradingView
The relative strength index (RSI) is currently at 54.26, indicating healthy momentum with room for further upside and has not yet reached overbought levels. This supports the possibility of continued upward movement, especially if ETH can maintain above $2,535.
The rise of Ethereum is part of a broader bullish wave in the crypto market, especially after Bitcoin reached a new all-time high of $111,000. Institutional capital is gradually flowing into altcoins, with Ethereum being the preferred choice after BTC.
Moreover, optimism surrounding Ethereum's upcoming scaling solutions, enhanced Layer 2 adoption, and the overall recovery of DeFi has brought ETH back into the spotlight for investors.
As long as Ethereum stays above $2,535, the bulls are in control. A close above $2,749 will open the path to $3,200, a level that has historically been a major resistance point.
However, if it falls back below $2,535, it may lead to a pullback to $2,200, where new support may form before rising again.#ETH走势分析
ETH/USD chart for the past month - TradingView
Ethereum currently has a market capitalization of $321 billion, with a 24-hour trading volume exceeding $38 billion, indicating strong market activity and momentum.
According to the weekly chart, Ethereum has broken through the $2,535 region and is approaching the 50-week simple moving average (SMA) of $2,749. This is a key technical resistance level. If ETH can close above this line, it may confirm a breakout from a bearish structure that has persisted for months.
ETH/USD 1-week chart - TradingView
The relative strength index (RSI) is currently at 54.26, indicating healthy momentum with room for further upside and has not yet reached overbought levels. This supports the possibility of continued upward movement, especially if ETH can maintain above $2,535.
The rise of Ethereum is part of a broader bullish wave in the crypto market, especially after Bitcoin reached a new all-time high of $111,000. Institutional capital is gradually flowing into altcoins, with Ethereum being the preferred choice after BTC.
Moreover, optimism surrounding Ethereum's upcoming scaling solutions, enhanced Layer 2 adoption, and the overall recovery of DeFi has brought ETH back into the spotlight for investors.
As long as Ethereum stays above $2,535, the bulls are in control. A close above $2,749 will open the path to $3,200, a level that has historically been a major resistance point.
However, if it falls back below $2,535, it may lead to a pullback to $2,200, where new support may form before rising again.#ETH走势分析
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