• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Grows: 4% Increase in 24 Hours

user avatar

by Giorgi Kostiuk

2 months ago


As US President Donald Trump's inauguration day unfolds, the crypto market continues to show positive trends. Despite the overall market growth, Ethereum faces challenges in maintaining the bull trend.

Trump's Inauguration and the Crypto Market

With Trump's inauguration, the largest cryptocurrency, Bitcoin, attempted to break the $105K mark and is currently trading at the $103K level. The event has also spurred interest in memecoins related to Trump and his wife Melania.

Current Dynamics of Ethereum

Ethereum shows a 4% rise in the last 24 hours, struggling to fuel the bull market. In the afternoon of January 19, ETH traded at $3,259, gradually rising to $3,398 according to CMC data. Its weekly chart shows a 6.62% gain, yet the token has repeatedly tested the $3,500 level.

Technical Analysis and Prospects

Analysis of technical indicators reveals the MACD signal line crossing over the line, with a bull power value of 1.89. Conversely, the bear power indicator stands at -2.81. If Ethereum maintains the modest positive momentum, it might surpass the bearish control with resistance levels at $3,575.82 and $3,672.04.

Ethereum shows moderate growth, but the market remains under bearish influence. Whether the positive trends will be sustainable enough to break key resistance levels remains to be seen.

0

Share

Other news

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

a few seconds ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

a few seconds ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

a minute ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

7 minutes ago

JAMining Gains FCA Certification, Enhancing Cloud Mining Accessibility

JAMining expands access to cloud mining with FCA certification and new plans from $100.

user avatarGiorgi Kostiuk

8 minutes ago

The Role of Crypto Donations in Disaster Relief Efforts

Cryptocurrencies play a crucial role in providing humanitarian aid to disaster-stricken areas in Myanmar and Thailand.

user avatarGiorgi Kostiuk

8 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.