Fri, 9/02/2024 – 18:00
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Most of the coins continue their bull run, according to CoinStats.
The rate of Ethereum (ETH) has risen by 3.51% over the last 24 hours.
On the hourly chart, the price of ETH is going up after a breakout of the $2,479 level. At the moment, there are no reversal signals, which means the growth is likely to continue to the $2,550-$2,600 zone.
A similar situation can be seen on the bigger time frame. Currently, traders should pay attention to the bar’s closure in terms of the $2,500 area.
If it happens above it, there is a chance to see a test of the resistane of $2,613 within the next few days.
On the weekly chart, bulls are also more powerful than bears. If nothing changes, the upward move may lead to a test of the $2,600-$2,700 zone next week.
Ethereum is trading at $2,508 at press time.