- The price of Ethereum rises by 5.22%, rising to $ 1935 with a strong market.
- Analyst Ali detects the resistance of the main $ 1,860, which is crucial for the next bullishis move of Ethereum.
The price of Ethereum has risen by 5.22%in the last 24 hours, at the current price aT $ 1,935To. Cryptocurrency market capitalization reached $ 234 billion, reflecting its strong market position. In the last day, Ethereum experienced the lowest $ 1,789 and a high level of $ 1945, showing a strong price movement. This rise follows a significant rally driven by a positive market sense. The price of Ethereum rose from less than $ 1,850 to its current level, signaling the bullish market trend. With this price increase, the trading volume increased by 24.78%, reaching $ 20.28 billion, indicating the active stake in the market.
Analyst Ali highlights the key $ 1860 resistance to Ethereum's next move
Crypto analyst Ali pointed out This Ethereum has a significant resistance at the $ 1860 limit, with a total of $ 5.58 million ETH. This concentration of participations indicates that many investors can sell or make a profit at a critical price.
Ethereum can cause a strong bullish momentum if it breaks through its resistance. However, if the price is unable to break, it may cause a setback. Ali emphasizes that overcoming this resistance is crucial for Ethereum to maintain its upward trajectory and prevent further consolidation.
Pectra Upgrade goes directly with big enhancements
Ethereum Pectra Upgrade was successfully used EPoch 364032, about 10:05 GMT. After a number of delays and tests, the version updates will introduce changes to the eleven ethereum improvement proposal (EIB) to Mainnet. Pectra is the most ambitious version of Ethereum after connecting in August 2022, which transferred to the network to evidence.
This upgrade will be followed by a Densun update in March 2024, which activated the EIB-4844 proto-tuning, known as “Blobspace”. These changes are expected to improve the scale and efficiency of ethereum by paving the way for a better network performance.
Ethereum is aimed at $ 1950 with a strong bullish momentum
Ethereum's technical chart highlights the key indicators that recommend continuing to continue their bullshit trend. Bollinger bands show ethereum approaching the upper strip showing increased volatility. If Ethereum exceeds its resistance, it can be directed to the next price level of about $ 1950. The MACD, the key point indicator, shows a positive outlook with a MACD line above the signal line, which supports the bullshit trend.
The histogram also shows a growing bullish momentum of 5.81. The downside is the key support level near the lower Bollinger strip for $ 1926. A pause below this level can lead to ethereum to test $ 1,900. However, a strong momentum suggests that the most likely goal of Ethereum may be $ 1,950 if the elevation lease survives.
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