Bullish Breakout at 50% Fibonacci Level: ETH price surpasses the $2,900 mark, indicating a strong bullish momentum in the weekly chart.
Potential 35% Bull Run: The current rally hints at a potential rise to $3,800, showcasing Ethereum's robust market movement.
Significant Increase in Trading Volume: A 43% hike in intraday trading volume to $25.91 Billion underscores heightened market activity and investor interest.
Bitcoin's Dominance Fuels Altcoin Rally: With Bitcoin maintaining its position above $52,000, altcoins like Ethereum are experiencing a resurgence in February 2024.
Rising Through Fibonacci Levels: Ethereum's bounce from the 200-day SMA and its upward trajectory through Fibonacci levels hint at continued bullish trends.
Market Cap and Weekly Momentum: Ethereum, with a market cap of $351 Billion, displays a bullish revival in 2024, with significant increases in both price and trading volume.
Anticipation of New All-Time High: Breaking beyond the 50% Fibonacci level, coupled with a golden crossover in SMAs, Ethereum might set new records, challenging the all-time high of $4,868 and potentially reaching up to $6,835.
Potential 35% Bull Run: The current rally hints at a potential rise to $3,800, showcasing Ethereum's robust market movement.
Significant Increase in Trading Volume: A 43% hike in intraday trading volume to $25.91 Billion underscores heightened market activity and investor interest.
Bitcoin's Dominance Fuels Altcoin Rally: With Bitcoin maintaining its position above $52,000, altcoins like Ethereum are experiencing a resurgence in February 2024.
Rising Through Fibonacci Levels: Ethereum's bounce from the 200-day SMA and its upward trajectory through Fibonacci levels hint at continued bullish trends.
Market Cap and Weekly Momentum: Ethereum, with a market cap of $351 Billion, displays a bullish revival in 2024, with significant increases in both price and trading volume.
Anticipation of New All-Time High: Breaking beyond the 50% Fibonacci level, coupled with a golden crossover in SMAs, Ethereum might set new records, challenging the all-time high of $4,868 and potentially reaching up to $6,835.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.