The ETH price has rebounded from the 100-day EMA mark and noted a bounce of over 11% this week. Moreover, the coin has picked strength and has retested the downward-sloping trendline hurdle near $3300. Furthermore, the price action signifies the buyer accumulation and trades above the 38.2% Fibonacci support zone. Despite the market correction and panic selloff across the crypto market, Ethereum’s second top crypto asset decisively held gains and sustained above the demand zone of $3000.
At press time, the Ethereum coin (ETH) price traded at $3235.09 with an intraday gain of 1.10%, reflecting a rebound on the charts. It has a monthly return ratio of -2.09% and 78.90% yearly. The pair of ETH/BTC is at 0.0485 BTC, and the market cap is $394.70 Billion. Analysts are bullish and suggest that the ETH coin may stretch the pullback and will soon cross the $3500 mark.
ETH Price Volume Profile Analysis On Daily Chart
The ETH crypto showcases a retracement on the daily charts and has displayed a bullish pennant pattern in lower-low swings. However, the coin has settled the gains and retained the 50-day EMA mark, conveying the buyer’s accumulation. Additionally, the ETH coin has reverted from the demand zone of $3000, and buying momentum was displayed this week. The intraday trading volume jumped over 3.89% to $10.12 Billion.
Баалардын туруксуздугу жана салмактуу сезимдин болжолу
Amidst the significant rebound of over 1.20% in the intraday session, the ETH crypto displays a decline in price volatility of over 46.90% to 0.050, displaying a neutral outlook. However, the weighted sentiment looks neutral and stayed near the midline around -0.233.
Коомдук үстөмдүк жана X жолдоочуларына сереп салуу
Social dominance data dropped over 10.40% to 5.815%, noting a decrease in the media discussion reports. However, the X followers data reflected a surge of over 76% to 4221.
Өнүктүрүү ишмердүүлүгү жана жалпы ачык кызыкчылык инсайттары
For the past weeks, the development data witnessed a consistent rise and surged over 34.67%, which was noted above the midline at around 346, showing a positive outlook. Similarly, the derivative data signifies a long buildup and the open interest spiked by over 4.39% to $5.08 Billion.
Per the Fib levels, the ETH price has retained above the 38.2% zone and rebounded from the mid-Bollinger Band support zone. Similarly, the RSI curve retained the midline region, and a positive crossover was noted on the charts.
The total supply of the ETH coin is 122.37 Million, whereas the volume-to-market cap ratio is 0.0257, and it is ranked 2 in terms of market cap in the global crypto market.
Жыйынтык
The Ethereum coin (ETH) has reverted its strength and decisively returned the gains to the bullish track. Moreover, the buyers are starting to accumulate and eyeing overtaking the $3500 mark to retain the bullishness.
Техникалык деңгээлдер
Колдоо Levels: $ 3100 жана $ 3000
Каршылык деңгээли: $ 3500 жана $ 3800
баш тартуу
Бул макалада аталган автор же башка адам тарабынан айтылган көз караштар жана пикирлер маалымат максатында гана болуп саналат жана каржылык, инвестициялык же башка кеңештерди түзбөйт.
Эндрю - блокчейнди иштеп чыгуучу, ал блокчейнди өнүктүрүү боюнча дипломдон кийинки адистиги боюнча криптовалюталарга кызыгуусун арттырган. Ал майда-чүйдөсүнө чейин кылдат байкоочу болуп саналат жана коддоо менен бирге, жазууга болгон кумарлануу менен бөлүшөт. Анын блокчейн боюнча билими анын жазуу жөндөмүнө уникалдуу көз карашты берүүгө жана блокчейн программалоо, тилдер жана токендерди жасоо сыяктуу түшүнүктөрдү түшүндүрүүдө ишенимдүү чеберчиликке жардам берет. Ал ошондой эле ICO жана IDOлардын техникалык деталдарын жана көрсөткүчтөрүн көп бөлүшөт.
Source: https://www.thecoinrepublic.com/2024/04/24/eth-price-prediction-can-bulls-accumulate-ethereum-beyond-3500/