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

Ethereum on the Rise: Price Surpasses $3,240 Amid Trading Volume Surge

user avatar

by Giorgi Kostiuk

3 months ago


In the last 24 hours, Ethereum's price rose 2.7%, reaching $3,240, with trading volume surging 170% to $40.5 billion.

Ethereum Price Movement

On January 13, Ethereum briefly dipped below $3,000, causing investor concerns. However, it has since rebounded, maintaining above this critical level. Recently, ETH breached the horizontal support at $3,200, hitting a low of $2,900 amidst a 'lower high' formation, suggesting weakening bullish momentum. Currently, the price trades below both the 50-day and 200-day SMAs.

Ethereum Price Prediction

The current breakdown and lack of strong bullish momentum suggest potential challenges in reclaiming $3,300 short-term. However, with the RSI climb and ETH rising above the $3,200 support, further recovery towards $3,504 is possible. Meanwhile, investors are also keen on a new Solana-based meme coin, Solaxy.

Solaxy Attracts Investor Interest

Solaxy's presale crossed the $10 million mark in under a month. Built on Solana, it aims to improve scalability and reduce network congestion. Solaxy allows developers to build decentralized apps without compromising Solana's performance. The project also garners attention for its high staking yield of 344% using SOLX tokens.

Ethereum's recent price movements and Solaxy's innovative approach continue to draw attention in the crypto market. Ethereum may reach new support levels, while Solaxy attracts investors with its technological improvements.

0

Share

Other news

How the zkLend Hacker Lost $5.4M in a Phishing Scam

The hacker who stole $9.57M from zkLend became a scam victim, losing 2,930 ETH while laundering funds.

user avatarGiorgi Kostiuk

4 minutes ago

New Wave of Uncertainty for Shiba Inu Investors

The Shiba Inu community is concerned about security and stability. Investors are looking for alternative options.

user avatarGiorgi Kostiuk

5 minutes ago

Bitcoin Price Declines Due to Trump's Tariffs

Trump's tariffs exert pressure on Bitcoin: price drops below $100K.

user avatarGiorgi Kostiuk

5 minutes ago

UK Trade Organizations Emphasize Strategic Focus on Cryptocurrency

UK trade bodies call to recognize cryptocurrency as a strategic industry, highlighting its economic potential.

user avatarGiorgi Kostiuk

16 minutes ago

Technical Analysis: Bitcoin Poised for Significant Upside Amid $1 Billion USDT Minting

Tether mints $1 billion USDT, indicating increased demand. Bitcoin shows bullish signs, poised for significant upside.

user avatarGiorgi Kostiuk

16 minutes ago

MAGACOINFINANCE Gains Attention from Crypto Elite in 2025

MAGACOINFINANCE attracts interest with rapid growth, support from Bitcoin veterans, and market promises.

user avatarGiorgi Kostiuk

16 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.