ETH Breaks Above $1900: A Bullish Trend and the Path to $2900

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

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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