Ethereum rises 26%per day by adding $ 66 billion

In the 84-hour rally, which started seriously on May 8, Ethereum (ETH) rose 26.78% at $ 26.78% at $ 26.78.

The high magnitude of moving is best seen as the ETH market ceiling changes, which grew by almost exactly $ 66 billion.

At the beginning of May 8, the evaluation of the badge was $ 232.84 billion, while on the morning of May 9, it reached $ 298.88 billion.

ETH has been among the few major cryptocurrencies who have not set a new record in the 2024 bullet market, and are generally inadequate expectations. The Token cycle was registered on December 7, 2024, when the price exceeded $ 4,000.

Ethereum set its ATH on November 11, 2021, to $ 4,721, which means that the sign should have been 18.03% and 92.62% of its 2024th of the 2024 year.

What is the next 26% one -day rally for Ethereum?

However, the last rally has opened the opportunity to participate in the cryptocurrency at least for the upcoming bull. ETH has been noted in recent months for providing only taming reactions to the relatively widespread climbs, despite the fact that it falls with the decline market.

Looking at the future, Ethereum's short -term performance decides its ability to overcome the other two closest obstacles and remain with the nearest support when a strong correction begins.

The sign has already risen from its closest resistance near $ 2336.90 and is on May 9 during the press, with about $ 2,476.25 and $ 2,739.65 on May 9. In the event of a correction, it must remain more than $ 1,934.15 to set up a warehouse.

Finally, looking at ETH's long/short relationship, it is encouraging to see it 1.633 and over the May 8th level, indicating that the rally still has significant caric pressure.

The balance of long and short positions paints a similar image as it is actually lower in shorter time frames. The 24-hour value is 39.28%while the 4-hour is 37.60%, according to the data Finbold obtained from Coinysis May 9th.