Ethereum was under an overall bullish momentum throughout last week. However, it underperformed Bitcoin and the majority of altcoins, which remains a near-term risk for investors.<\/p>\n\n\n\n
According to the daily chart, ETH shows the potential of initiating a bullish trend after the price plotted a higher low above the $2,110 support last week. Additionally, a break above the $2,400 psychological level fueled confidence for buyers. The current bullish stance will remain intact until the price remains above the $2.4K level.<\/p>\n\n\n\n
A break of the recent bullish candle\u2019s high at $2,464 could reinforce the bullish momentum and make ETH\/USD to pull back above the $2,700 level. Alternatively, failing to sustain above the $2,400 mark might force the price to retest the critical support at $2,110.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Targets $64K After Surpassing The $60K Barrier, ETH Crosses $2.4K As Bulls Set Sights On $2.7K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-targets-64k-after-surpassing-the-60k-barrier-eth-crosses-2-4k-as-bulls-set-sights-on-2-7k","to_ping":"","pinged":"","post_modified":"2024-09-16 03:09:50","post_modified_gmt":"2024-09-15 17:09:50","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=18699","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};