What’s next for ETH after recent gains?
Ethereum (ETH) has gained +2.27% in the last 24 hours, pushing its price to $2,665.47. Over the past week, it has soared by +16.65%. This rise is mainly due to increasing interest in Ethereum ETFs and positive vibes in decentralized finance (DeFi). As analysts look ahead, the latest trends suggest an optimistic Ethereum price prediction, especially if bullish momentum continues.
Key Price Levels
- Current Range: ETH traded between $2,601.40 and $2,668.20 recently, showing solid bullish movement.
- Resistance Points: Watch for resistance at $2,820 and the crucial $3,000 level. A breakthrough above $3,235 could lead to a jump toward $3,650.
Support Levels
- Immediate Support: Look for support around $2,500 and $2,320.
- Major Support: If ETH falls below $2,250, it might drop toward $2,150 and eventually to $1,880.
Whale Activity
Recently, two major Ethereum whales moved a total of 8,510 ETH (worth about $21.9 million) to centralized exchanges. One whale transferred 3,510 ETH to Kraken, while another wallet linked to Genesis Trading’s bankruptcy sent 5,000 ETH to FalconX.
As ETH approaches key resistance levels, it's essential to keep an eye on market trends and whale movements!
Also Read: Cardano Price Prediction 2024-2030: Will ADA Price Hit $2?
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