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

Technical Indicators Support Ethereum's Rise

user avatar

by Giorgi Kostiuk

a year ago

Ethereum, the second-largest cryptocurrency, displayed a significant recovery, breaking out of a symmetrical wedge at the $3,000 level.

Current Market Scenario

Breaking the $3,000 mark is viewed by ETHNews analysts as a sign of strong bullish momentum, potentially stabilizing Ethereum’s value above this threshold, reflecting deeper changes within the Ethereum ecosystem.

Technical Indicators and Forecasts

Technical analysts note Ethereum's strong Relative Strength Index (RSI) and bullish divergence, signaling a potential climb to levels such as $4,000. These signals are often linked to potential trend reversals.

Real Assets Market and Ethereum

Ethereum actively interacts with the financial ecosystem, including the real assets market. Ethereum dominates, hosting tokenized U.S. treasuries, recently reaching $2.33 billion at all-time highs.

Tokenized US Treasuries reach ATH! Over $2.33B tokenized across the blockchain ecosystem, with most remaining on Ethereum - about 70%Leon Waidmann

Ethereum's market shows positive shifts, and if the current trend continues, it might surpass new heights, challenging the $5,000 mark.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SharpLink CEO Questions Solana's Institutional Fit Amid Ethereum's Stablecoin Dominance

chest

Joe Chalom, CEO of SharpLink, raises concerns about Solana's suitability for institutional investors, emphasizing the importance of security and reliability compared to Ethereum's dominance in the stablecoin market.

user avatarMohamed Farouk

RIVER Cryptocurrency Experiences Significant Price Drop

chest

RIVER cryptocurrency has experienced a significant price drop of over 4% in the last 24 hours after reaching an all-time high, raising concerns about market stability.

user avatarElias Mukuru

Regulatory Oversight for Tether's USA Launch

chest

The launch of USA is accompanied by regulatory oversight, reflecting Tether's efforts to operate within defined supervisory boundaries.

user avatarDiego Alvarez

Oobit Integrates USA as a Payment Tool

chest

Oobit, a Tether-backed mobile payments app, has integrated USA as a settlement asset, enabling users to send and spend the stablecoin at various merchants.

user avatarKenji Takahashi

Davos Declaration Signals Shift in U.S. Cryptocurrency Policy

chest

The Trump administration's announcement at Davos indicates a strategic shift towards cohesive federal oversight of cryptocurrency.

user avatarMaria Fernandez

Phia's Founders Aim to Transform Online Shopping Experience

chest

Phoebe Gates and Sophia Kianni, the founders of Phia, aim to transform the online shopping experience by creating a personalized journey for users through advanced AI technology.

user avatarMiguel Rodriguez

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.