Ethereum (ETH) has grown significantly while trading in an area with a resistance of around $2,633 and support at $2,016. The current price rise can be related to the next Dencun update, which will improve the stability and scalability of the network.<\/p>\n\n\n\n
In a bullish situation, Ethereum (ETH) would indicate more upside potential above $2,983 and $3,600 if it can exceed the resistance at $2,700.<\/p>\n\n\n\n
In contrast, a bearish scenario may see ETH fall toward $2,010 and $1,750 if it fails to maintain support above the $2,150 level. This might lead to selling pressure.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Price Surges To $48K Amid SEC ETF Approval, And The ETH to Retest $2.7K and Keep Cruising Toward $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-surges-to-48k-amid-sec-etf-approval-and-the-eth-to-retest-2-7k-and-keep-cruising-toward-3k","to_ping":"","pinged":"","post_modified":"2024-02-12 06:00:43","post_modified_gmt":"2024-02-11 19:00:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15383","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"};
With a 7% weekly growth, Ethereum (ETH) has outperformed its competitors and demonstrated the strongest performance. The price of Ethereum (ETH) recently peaked at $2,700, and technical analysts are optimistic that ETH could soon surpass $3,500.<\/p>\n\n\n\n
Ethereum (ETH) has grown significantly while trading in an area with a resistance of around $2,633 and support at $2,016. The current price rise can be related to the next Dencun update, which will improve the stability and scalability of the network.<\/p>\n\n\n\n
In a bullish situation, Ethereum (ETH) would indicate more upside potential above $2,983 and $3,600 if it can exceed the resistance at $2,700.<\/p>\n\n\n\n
In contrast, a bearish scenario may see ETH fall toward $2,010 and $1,750 if it fails to maintain support above the $2,150 level. This might lead to selling pressure.<\/p>\n","post_title":"Bitcoin and Ethereum Technical Analysis: BTC Price Surges To $48K Amid SEC ETF Approval, And The ETH to Retest $2.7K and Keep Cruising Toward $3K","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-price-surges-to-48k-amid-sec-etf-approval-and-the-eth-to-retest-2-7k-and-keep-cruising-toward-3k","to_ping":"","pinged":"","post_modified":"2024-02-12 06:00:43","post_modified_gmt":"2024-02-11 19:00:43","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=15383","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"};