Ethereum Price Has Approached $3000 Mark; Will It Sustain or Not?
Ethereum crypto price has been in a strong bullish trend since November with a rise of 65% till now. It has displayed a directional move and has risen by forming higher highs and higher lows. For the past two months, the buyers have won the battle to defend the $2200 hurdle. Since the first week of this month, ETH price has witnessed a one-directional move and has jumped by 31.52% in the last three weeks. RSI is at 74 which showcases the bullish momentum and is heading toward the overbought zone. Ethereum crypto price is trading far over the significant moving average indicating bullish dominance. Ethereum price is trading at $2920.02 with an intraday loss of 0.82%. The market capitalization of Ethereum is $351.24 Billion. It ranks 2nd in the cryptocurrency market in terms of market cap. The trading volume is $19.71 Billion which is down 50% in the last 24 hours. Ethereum Price Prediction; Technical Analysis of ETH Over Daily Timeframe : ETH/USD 1-Day Chart By TradingView As per the technical chart, the Ethereum crypto price has been in a bullish trend. It registered a 52-week high of $3003.00 on February 20, 2024. ETH price has been on a one-directional track for a long time