After the US election of 2024, the cryptocurrency market is experiencing a surge, and Ethereum has broken above the $2,880 mark. Ethereum is currently attempting to hit $3,000 and has gained over 3.55% in the past 24 hours. The asset reached a low of $2,781 and a high of $2,954, with $59.96 million worth of Ethereum being liquidated during this time. The Ethereum Foundation's 2024 report reveals that its treasury holds around $970.2 million, with 99.45% of its holdings in Ethereum. The four-hour price chart shows ongoing upside momentum, and technical analysis indicates a positive trend with strong demand. However, the daily relative strength index (RSI) suggests that the market sentiment of Ethereum is in overbought territory.
- Content Editor ( thenewscrypto.com )
- 2024-11-08
Can Ethereum (ETH) Break the $3K Threshold?