Multiple ETH Data Points Suggest Altcoin Is Good Longterm Buy: Analyst

ETH

ETH/USDT

$1,716.65

+2.25%

$1,716.65

+2.25%

(24s)

24h Volume

$7,767,596,795.77

24h H/L

$1,733.04 / $1,654.90

Change: $78.14 (4.72%)

Long/Short

70.0%

Long: 70.0%Short: 30.0%

Funding Rate

+0.0012%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,718.45

▼ -0.42%

Volume (24h): -

Resistance Levels

Resistance 3$1,965.03

Resistance 2$1,829.21

Resistance 1$1,731.82

Price$1,718.45

Support 1$1,709.34

Support 2$1,615.03

Support 3$1,505.68

Pivot (PP):$1,720.38

Trend:Downtrend

RSI (14):37.4

Cointelegraph Staff

(12:29 AM UTC)

1 min read

Approved byEmily Watson

612 views

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Ether’s (ETH) long-term investment case is drawing fresh attention as Ethereum continues to lead in key areas of onchain activity and decentralized finance, despite the altcoin losing 28% of its value this year. The network still hosts roughly $43 billion in DeFi liquidity, more than $165 billion in stablecoins, and about 55% of tokenized assets tracked across public blockchains.

Data from…