Ethereum has been quite bullish since October, as the daily chart shows. Another important trend signal, the 21-day exponential moving average, has been broken above by the market once more. The trend formally turned bullish once more when the price of ETH rose above the moving average.<\/p>\n\n\n\n
However, ETH cannot rise any higher over the $2,400 region. Right now, ETHUSD is trading below $2,300, and the market will test the $2,150 or possibly the $2,000 support zone again. These levels might probably start a positive price rally, and in the upcoming weeks, Ethereum might strive for values above $2,500.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Can Exceed $45K Before The End of The Year, ETH Bulls May Reveal Fresh Demands Near $2,150","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-can-exceed-45k-before-the-end-of-the-year-eth-bulls-may-reveal-fresh-demands-near-2150","to_ping":"","pinged":"","post_modified":"2023-12-18 03:06:55","post_modified_gmt":"2023-12-17 16:06:55","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=14687","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"};