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

ETH

ETH/USDT

$1,883.51

+0.02%

$1,883.51

+0.02%

(24s)

24h Volume

$1,529,779,040.73

24h H/L

$1,886.58 / $1,877.01

Change: $9.57 (0.51%)

Long/Short

66.9%

Long: 66.9%Short: 33.1%

Funding Rate

+0.0044%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,882.50

▼ -0.01%

Volume (24h): -

Resistance Levels

Resistance 3$2,047.57

Resistance 2$1,932.92

Resistance 1$1,884.62

Price$1,882.50

Support 1$1,853.62

Support 2$1,837.64

Support 3$1,792.05

Pivot (PP):$1,881.75

Trend:Sideways

RSI (14):51.0

Cointelegraph Staff

(12:29 AM UTC)

1 min read

Approved byEmily Watson

0 comments

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…