BREAKING
327d 13h ago
ETH Breaks Above $1900: A Bullish Trend and the Path to $2900
ETH
ETH/USDT
$2,303.86
+2.85%
$2,303.86
+2.85%
(24s)24h Volume
$22,543,720,045.80
24h H/L
$2,415.55 / $2,239.22
Change: $176.33 (7.87%)
Long/Short
50.3%
Long: 50.3%Short: 49.7%
Funding Rate
-0.0001%
Shorts pay
Data provided by COINOTAG DATALive data
Recent data from Glassnode highlights significant movements in Ethereum (ETH) as its price surpassed the Realized Price of $1900 in May, indicating that a substantial number of holders are now profitable. As of now, ETH has ascended to a True Market Mean of $2400, demonstrating a bullish trend. However, for the market to gain additional traction, it is essential for ETH to achieve a decisive breakthrough above the Active Realized Price of $2900. This pivotal level will be critical in establishing sustained confidence among investors and could pave the way for further upward momentum in the cryptocurrency space.
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