Менен cryptocurrency базар finally arising from its weeks-long slumber and already soaring past $1 trillion in market capitalization, it has given fuel to its major assets, including Ethereum (ETH), the price of which has risen above $1,500 for the first time since the post-Merge crash.
Observing its historical price action, Ethereum could break above $3,000 in 2023, at least according to the tweet and chart жайгаштырылган by the pseudonymous crypto trader and LedgArt кош-негиздөөчүсү Калео October 27 боюнча.
“ETH breaking above $3K again in early 2023 makes sense,” he stated.
Taking the chart into account, the decentralized finance (толугу менен) asset is demonstrating an upwards сызыгы, which indicates that the price is making higher swing highs and lower swing lows, resulting in a shift in a positive direction.
Indeed, $20 billion poured into Ethereum’s market cap in just 24 hours, with its price soaring 1,500 доллардан ашкан for the first time since September 15, when it suffered a blow following the network’s successful кошулуу жогорулатуу, Финболд билдирди.
Ошол эле учурда улук тауар боюнча стратег Bloomberg чалгындоо Майк МакГлоун белгиленген on October 26 that Ethereum’s shift to the Proof-of-Stake (бардыгы болуп, pos-) protocol and its commanding position “at the epicenter of the digitalization of финансы and money may be a foundation for its price appreciation.”
Ethereum техникалык талдоо
Meanwhile, ETH техникалык анализ (TA) indicators are looking very interesting. Specifically, the summary is giving off a ‘buy’ sentiment at 13. However, upon further breakdown, the осцилляторлор indicate selling at 4, whereas the жылма орто мааниси (MA) technicals point to a ‘strong buy’ at 12.
басма сөз эле учурда, Ethereum was changing hands at $1,548, which represents a 0.93% gain on the day, but also a whopping 19.74% across the previous seven days, nearing the crypto community’s кенен predictions for the price of Ethereum on October 31, made four weeks before.
Censorship fears
That said, not all is well in the Ethereum world as кээ бир industry experts are concerned about the network’s resistance to censorship due to now more than 60% of Ethereum blocks being compliant with the sanctions imposed by the U.S. Office of Foreign Assets Control (OFAC).
As a reminder, OFAC sanctioned the popular Ethereum mixer Tornado Cash in August over its role in the арам акчаны адалдоого шектелген of over $455 million in stolen crypto, in addition to blacklisting a number of ETH addresses associated with the protocol.
This has led to the increasing popularity of OFAC-compliant MEV-Boost relays that can censor certain transactions, which crypto intelligence platform Агуа мурун деп аталат “a credible threat to Ethereum’s neutrality and censorship resistance.”
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Source: https://finbold.com/ethereum-could-break-above-3000-in-2023-heres-what-technicals-suggest/