The story of rising ETH prices is supported by the 94.7K new Ethereum wallets established on November 21, the biggest increase since July 2023.<\/p>\n\n\n\n
According to the daily price chart, Ethereum is still respecting the current trendline support and holding above the $2K level. Besides, the false break of the 21 EMA support on November 23rd confirms buyers' control over the market.<\/p>\n\n\n\n
Until the RSI returns above 80 (currently at 62.15), there is room for Ethereum to break the resistance at $2,150 and head toward the new upside target near $2,300.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Requires One More Push To Reach The $40K Mark, And The ETH Remains Steady Above $2K Suggesting A Further Gain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-requires-one-more-push-to-reach-the-40k-mark-and-the-eth-remains-steady-above-2k-suggesting-a-further-gain","to_ping":"","pinged":"","post_modified":"2023-11-27 06:24:25","post_modified_gmt":"2023-11-26 19:24:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14542","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"};
The combined value of the 200 biggest Ethereum wallets, or 62.76 Ether coins, is $132.1 billion. According to Santiment data, the whale wallet investments increased by 30.3% from November 21, 2022. Whale wallet activity will directly affect the price of the asset because the holdings of these huge wallet investors comprise 52% of the altcoin's circulating supply.<\/p>\n\n\n\n
The story of rising ETH prices is supported by the 94.7K new Ethereum wallets established on November 21, the biggest increase since July 2023.<\/p>\n\n\n\n
According to the daily price chart, Ethereum is still respecting the current trendline support and holding above the $2K level. Besides, the false break of the 21 EMA support on November 23rd confirms buyers' control over the market.<\/p>\n\n\n\n
Until the RSI returns above 80 (currently at 62.15), there is room for Ethereum to break the resistance at $2,150 and head toward the new upside target near $2,300.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Price Requires One More Push To Reach The $40K Mark, And The ETH Remains Steady Above $2K Suggesting A Further Gain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-requires-one-more-push-to-reach-the-40k-mark-and-the-eth-remains-steady-above-2k-suggesting-a-further-gain","to_ping":"","pinged":"","post_modified":"2023-11-27 06:24:25","post_modified_gmt":"2023-11-26 19:24:25","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14542","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"};