CandleFocus

Ethereum Begins Its Bullish Climb to $2,800 High

Author: Content Editor
The price of Ethereum (ETH) is on a bullish climb and has risen above the moving average after hitting a low of $2,379. It is approaching a resistance level at $2,800, and if buyers can break above this level, a rise to $3,400 is likely. However, if Ether falls from its recent high, the range-bound move will continue. Currently, the price is around $2,628. The moving average lines indicate a rise in the cryptocurrency, and if the 21-day SMA remains above the 50-day SMA, the altcoin will continue to rise. Resistance levels are at $4,000 and $4,500, while support levels are at $3,500 and $3,000.

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