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

ETH

ETH/USDT

$2,501.17

+1.76%

$2,501.17

+1.76%

(24s)

24h Volume

$6,985,383,602.26

24h H/L

$2,523.97 / $2,450.00

Change: $73.97 (3.02%)

Long/Short

58.8%

Long: 58.8%Short: 41.2%

Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,500.77

▲ 0.82%

Volume (24h): -

Resistance Levels

Resistance 3$2,855.08

Resistance 2$2,639.52

Resistance 1$2,516.30

Price$2,500.77

Support 1$2,449.71

Support 2$2,373.38

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.1

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…