0%
Ethereum (ETH) Ascends Beyond $2,000 Mark, Setting Sights on New Yearly High
#ETH#TradingView#support and resistance+2 更多标签

Ethereum (ETH) Ascends Beyond $2,000 Mark, Setting Sights on New Yearly High

Ethereum (ETH) nears a pivotal yearly high, with market analysts optimistic about its future trajectory. Explore the latest insights and predictions.

Ethereum's (ETH) price trajectory has taken a decisive upward turn since October 17, inching closer to its yearly peak.

Despite multiple attempts, ETH has yet to surpass its yearly high. Could this be the moment it achieves this milestone?

Chart by TradingView

Ethereum Nears Yearly High

Analysis of the daily timeframe reveals a rapid ascent in the price of ETH since the beginning of October. During this period, it broke free from a descending resistance trendline that had constrained it for 203 days, dating back to the yearly high witnessed on April 16.

The upward momentum culminated with a peak at $2,136 on November 10, marking a 40% surge from the October lows. Following a brief decline, ETH regained its footing on November 17.

ETH Price Movement

Market participants often rely on the Relative Strength Index (RSI) as a momentum indicator to identify overbought or oversold conditions.

RSI readings above 50, along with an upward trend, signify a prevailing advantage for the bulls, while readings below 50 indicate the opposite. Although the daily RSI is trending downward, it still resides above the 50-mark.

Cryptocurrency traders and analysts on X are expressing optimism about Ethereum's future price trajectory.

Big Cheds highlighted the ongoing breakout, asserting that the price will continue its ascent toward the yearly high. Crypto Scient shares this bullish sentiment due to the successful breach of a critical resistance zone.

However, XForceGlobal offers a slightly less optimistic short-term outlook, using Elliott Wave Theory to suggest that the price will undergo one more decline before resuming its upward trajectory.

Bottom Line: ETH has been climbing since October, approaching its yearly high. The community is closely watching to see if it can break through this level. Experts and analysts hold differing views on its immediate path, but most believe we will see a yearly high.

收件箱图片

通讯

获取每周电子邮件,其中包括独家加密货币分析和值得阅读的新闻。保持信息和娱乐,免费的。

自动化
您的
交易!

世界级的加密货币自动交易机器人

开始吧
实现交易自动化

相关文章

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 更多标签

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 更多标签

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Technical Analysis 101 | What Are the 4 Types of Trading Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 更多标签

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

马上免费使用Cryptohopper进行交易!

免费使用——无需信用卡

开始吧
Cryptohopper appCryptohopper app

免责声明:Cryptohopper并非受监管机构。加密货币的机器人交易存在大量风险,过去的业绩表现并不能预示未来的结果。产品截图中展示的利润仅供参考,可能有所夸大。只有在您具备充足的知识或寻求了专业财务顾问的指导后,才应进行机器人交易。在任何情况下,Cryptohopper均不对任何人或实体因使用我们的软件进行交易而产生的全部或部分损失或损害,或任何直接、间接、特殊、后果性或附带的损害承担责任。请注意,Cryptohopper社交交易平台上的内容由Cryptohopper社区成员生成,并不代表Cryptohopper或其代表的建议或推荐。市场上展示的利润并不能预示未来的结果。使用Cryptohopper的服务即表示您承认并接受加密货币交易的固有风险,并同意免除Cryptohopper因您的任何责任或损失的责任。在使用我们的软件或进行任何交易活动之前,务必审阅并理解我们的服务条款和风险披露政策。请根据您的具体情况咨询法律和金融专业人士,获取个性化的建议。

©2017 - 2024 版权归属于Cryptohopper™ -版权所有。