There are allegedly some encouraging indications for the leading altcoin, ETH. The current configuration of Ethereum (ETH) suggests that the currency is technically heading into a bull market, according to well-known market observers. According to the analytics, the well-known cryptocurrency token is gradually rising to new highs in value. It is now trading with little fluctuation at $3,757.<\/p>\n\n\n\n
Furthermore, a lot of supply close to this crucial location has put more pressure on sales, which has raised volatility and led to a small consolidation. The market may surge toward the next major resistance level, which is located at about $4.5K if there is a clear break over it.<\/p>\n\n\n\n
In spite of this, the way the market is now moving suggests that there may be a brief consolidation period before the next significant move. In this case, the buyers might wait for a pullback near the mid-term support at $3.6K before considering fresh entries.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Must Maintain The Support Level At $70K Before Attempting To Obtain The $73.8K ATH, ETH Looks Firmly Bullish Above The Support At $3,600","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-must-maintain-the-support-level-at-70k-before-attempting-to-obtain-the-73-8k-ath-eth-looks-firmly-bullish-above-the-support-at-3600","to_ping":"","pinged":"","post_modified":"2024-05-27 01:16:34","post_modified_gmt":"2024-05-26 15:16:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17082","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"};