Ethereum Price Prediction, ETHEREUM Gears Up to Form Multi-Month Highs
- Bitcoin surged by 7.40%, surpassing the $45,000 mark, while Ethereum witnessed a 5.20% increase, edging closer to $2,450.
- Vitalik Buterin, co-founder of Ethereum, unveiled the 2024 roadmap, outlining essential priorities for the blockchain's development.
- The recovery of ETH coincided with Bitcoin breaking through the $45,000 resistance zone.
Ethereum consolidates above $2,350; Potential rise if $2,450 cleared.
According to Coingabbar Technical Analysis, Bitcoin surged past $45,000 after ETF approval, prompting gains in altcoins, including Ethereum approaching $2,450.
Ethereum found support near $2,250 and initiated a fresh upward movement.
ETH maintains above the $2,400 resistance against the US Dollar.
On the daily chart, ETH resides within the trendline of an ascending parallel channel.
Ethereum aims for an upside break above the $2,450 resistance, potentially rallying akin to Bitcoin with a close above $2,500.
KEY LEVELS :
RESISTANCE LEVEL : $2,450-$2,500
SUPPORT LEVEL : $2,380-$2,330
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
