Close Menu
Crypto Recaps
    What's Hot

    THE NEXT MAJOR BITCOIN & ALTCOIN MOVE HAPPENS IN THE NEXT 48 HOURS!

    14 January 2025

    Facebook To BUY BITCOIN? (Shareholders Ultimatum)

    14 January 2025

    Virtuals Protocol: AI Moonshot or Overhyped? Predictions For 2025!!

    14 January 2025
    Facebook X (Twitter) Instagram
    Crypto Recaps
    • Predictions
    • Cryptocurrency
    • Stock Markets
    • Commodities
    • US News
    • US Economy
    • World
    • Videos
    Crypto Recaps
    Home»Cryptocurrency»Ethereum Holds Firm Above $3K, Eyes $3.4K Breakout
    Cryptocurrency

    Ethereum Holds Firm Above $3K, Eyes $3.4K Breakout

    10 July 20242 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The global crypto market continues to experience mixed sentiments, yet stalwarts like Bitcoin and Ethereum show remarkable resilience, holding onto gains from the previous day. According to CoinMarketCap, the total market capitalization saw a modest rise of 1.47%, reaching $2.15 trillion, while trading volume fell by 17.88% to $63.99 billion.

    ETH Price Action

    Ethereum has weathered considerable volatility but remains firmly above the $3,000 threshold. At the time of writing, ETH is trading at $3,096, marking a 1.39% increase over the last 24 hours. Its price fluctuated between a low of $3,025.51 and a high of $3,129.02 during the day. Similarly, Ethereum’s market cap rose by 1%, reaching $370.23 billion.

    ETH is trading at $3,096, marking a 1.39% increase over the last 24 hours.
    ETH/USD 1-Day Chart (Source: CoinMarketCap)

    Despite these modest gains, the ETH token has yet to neutralize the bearish trend in its market. However, a breakout above the $3,600 mark could clear the path for renewed bullish momentum in the near future. Meanwhile, its 24-hour trading volume decreased by 21.83% to $14,294,058,348.

    Is a Rise to $3.4K Mark Possible?

    Focusing on the 4-hour chart analysis, the ETH price is anticipated to continue ascending in the short term as it trades above the 20-day moving average. Moreover, originating from the oversold regions, the RSI sharply rose above the neutral line at 57.04, further corroborating this market optimism.

    Breaking this level could drive ETH to the $3,480 mark
    ETH/USD 1-Day Chart (Source: TradingView)

    This positive price action is likely to push ETH toward the $3,200 resistance zone. Breaking this level could drive ETH to the $3,480 mark, around the 61.8% Fibonacci level, a high seen on July 1, representing an 11% increase from its current price.

    Conversely, if FUD takes over, ETH could dip toward the 20-day moving average for support. A breach below this level could push ETH to deeper lows, targeting July’s low of $2,813.

    Meanwhile, Ted Pillows, a prominent figure in the crypto community, predicts that Ethereum (ETH) is on the verge of a bull run. According to Ted, ETH is currently trading within a consolidation range, which is often a precursor to significant upward movement.

    Source

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Bitcoin Price Loses $10K in 2 Days After Dropping Below $92K: Where Is the Bottom?

    9 January 2025

    US regulator warned banks on crypto but did not order halt to business

    4 January 2025

    Bitcoin targets $120K in January amid record Binance stablecoin reserves

    31 December 2024

    BTC Price Dumps to Monthly Lows as Weird MicroStrategy Trend Extends

    31 December 2024
    Add A Comment
    Leave A Reply Cancel Reply

    Recent Posts

    THE NEXT MAJOR BITCOIN & ALTCOIN MOVE HAPPENS IN THE NEXT 48 HOURS!

    14 January 2025

    Facebook To BUY BITCOIN? (Shareholders Ultimatum)

    14 January 2025

    Virtuals Protocol: AI Moonshot or Overhyped? Predictions For 2025!!

    14 January 2025

    The Next Amazon (AWS)? How Crypto Will DISRUPT Data Storage | Autonomi

    14 January 2025

    Solana’s #1 AI Crypto Play For 2025 (GRASS Is Scaling Web 3)

    14 January 2025

    XRP HOLDERS THIS IS HUGE! (MOVING FAST)

    14 January 2025

    TRUMP MEETING WITH SAYLOR IN 72 HOURS! (DAY ONE CHANGES WILL SHAKE CRYPTO!)

    14 January 2025

    2024 © CryptoRecaps. All Rights Reserved.

    Crypto Recaps is not liable for any financial losses incurred while trading. Investors should do their due diligence before making any high-risk investments in Bitcoin, Cryptocurrency, Stocks or Digital Assets

    Facebook X (Twitter) YouTube
    Top Insights

    THE NEXT MAJOR BITCOIN & ALTCOIN MOVE HAPPENS IN THE NEXT 48 HOURS!

    14 January 2025

    Facebook To BUY BITCOIN? (Shareholders Ultimatum)

    14 January 2025

    Virtuals Protocol: AI Moonshot or Overhyped? Predictions For 2025!!

    14 January 2025

    Type above and press Enter to search. Press Esc to cancel.