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

Ethereum

Daily

$2,304.52

▼ -2.74%

Volume (24h): -

Resistance Levels

Resistance 3$2,575.35

Resistance 2$2,452.50

Resistance 1$2,378.22

Price$2,304.52

Support 1$2,234.04

Support 2$2,136.62

Support 3$1,938.04

Pivot (PP):$2,341.51

Trend:Uptrend

RSI (14):59.1

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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