Thursday, September 16, 2021
HomeNewsEthereum: Turbo ignited successfully - THE SHAREHOLDER

Ethereum: Turbo ignited successfully – THE SHAREHOLDER




The bulls still have the crypto market firmly in their hands by midweek and all of the top 5 coins are again in positive territory this Wednesday. A special party is rising at Ethereum after the price mastered the breakout yesterday Tuesday. This is how it continues with the Monster Rally.

THE SHAREHOLDER had pointed out the special technical situation at Ethereum (ETH) several times in the past few days. Due to the consolidation in August, pressure was released from the boiler and the overheating that had previously built up could be neutralized.

Yesterday afternoon (CET), ETH continued its rally towards an all-time high as the price mastered the resistance at $ 3,333 with great momentum. Afterwards, as suspected, it quickly went beyond the next resistance at $ 3,444.

Tradingview.com




ETH daily chart in USD

Now ETH has already regained the psychologically important $ 3,500 mark – a strong sign. This means that the price is only around 24 percent away from the all-time high of $ 4,384. As the next milestone, investors are already targeting the next round mark at $ 4,000.

After the three-week break in August, ETH starts again at the turn of the month. The price gains of ten percent in just two trading days are evidence of the current strength of the trend, which is likely to drive the price further.

Note on conflict of interests:

The chairman of the board and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, has taken direct and indirect positions on the following financial instruments mentioned in the publication or related derivatives that benefit from any price development resulting from the publication: Ethereum.


Hasan Sheikh
Hasan, who loves technology and games, is studying Computer Engineering at Delhi JNU. He has been writing technology news since 2016.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Trending News

Recent Comments