Ethereum has shown a robust recovery, bouncing back from a significant low of $2,120 and moving past the $2,650 mark, sparking bullish sentiment. The cryptocurrency currently encounters resistance around $2,840 and the 100-hourly Simple Moving Average, testing its upward momentum.
The recent volatility, including a massive 30% price drop followed by a swift recovery, is partly attributed to developments in U.S. trade negotiations. On the ETH/BTC chart, a crucial support level at 0.028 could play a significant role, potentially igniting further price moves. Investors are eyeing the $3,000 resistance level as a target.
Quelle: blockonomi.com ↗