Ethereum has gained 11% this month, reaching a four-week high of $2330, fueling bullish bets of $3200.
Current prices: $BTC is stable, $ETH is up, $BNB and $SOL are flat, with 24h changes at 0% across the board.
The four-week rally has pushed $ETH to its highest price in nearly a year, with derivatives markets showing renewed demand for upside bets, gaining about 11% this month, and its longest stretch of gains in nearly a year.
This uptrend is significant as it indicates renewed investor interest in $ETH. The rally has also led to increased demand for $ETH derivatives.
Support at $2200, Resistance at $2500.
Bullish signal, target $2800.
#Bitcoin #BTC #Crypto #CryptoAnalysis #ETH
Current prices: $BTC is stable, $ETH is up, $BNB and $SOL are flat, with 24h changes at 0% across the board.
The four-week rally has pushed $ETH to its highest price in nearly a year, with derivatives markets showing renewed demand for upside bets, gaining about 11% this month, and its longest stretch of gains in nearly a year.
This uptrend is significant as it indicates renewed investor interest in $ETH. The rally has also led to increased demand for $ETH derivatives.
Support at $2200, Resistance at $2500.
Bullish signal, target $2800.
#Bitcoin #BTC #Crypto #CryptoAnalysis #ETH