Our article today concerns the expectations of Ethereum prices, taking a look at the latest price movements to analyze the next price trend with its $ 3,000 approach level.
The Ethereum-Eth price increased by 4.8% in the last 24 hours, and trading volumes increased by 39% with the approach of the best alternative currency compared to $ 3,000, the performance of the ETH has improved considerably during the last month, and its annual losses decreased by 50% to only 22%, and reached profits of 55.5% in the last month.
This rapid recovery occurred thanks to the Ethereum Pectra update, as well as the improvement in the general mood of the market, which had a positive impact on the expenses of the price of Etheerium on the market, where investors expect that the Pectra update increases the expansion of Etheerium, increases its speed and reduces its cost.
In addition to a few other modifications, the PECCTRA update applies an automatic combustion mechanism for Ethereum currencies using part of the network fees for the network. As a result, Etheeerium is now a deflationary currency, which means that its circulating offers will decrease over time.
Ethereum Attentions Price: the levels of basic resistance and support which must be monitored
The daily table of Ethereum considerably shows the prices height after the successful launch of the Pectra update on the main Ethereum network.
This has led to a large distance from the average average index of 21 days (21 EMA) and two large green candles that supported this recovery and increased the price of Ethereum on the average movement index if in 200 days (200 EMA), which is considered an indication of the long -term management of the price, because the upper high price confirms positive long -term prospects.
The Ethereum price must exceed the level of $ 3,000 for the continuation of the ascending trajectory. It should be noted that the 200 EMA index formed the level of support during the last sessions, and it seems that the price has entered a relative stability phase pending the collection of participants on the liquidity market necessary to raise it.
On the other hand, the average satellite index based on average size is the level of support which must be monitored in the event of a decline, in addition to the level of $ 2,100. If the price can remain above these levels, it is likely to increase more, knowing that it cannot reach $ 10,000 soon.
In any case, it should be noted that the best chipto – like the best portfolio (the best) – draws a great attention from investors coinciding with the recovery of the market, it is expected that its performance will exceed the main currencies such as Etheerium in the short term.
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Will the expectations of Post-Etheerium prices in the middle of the cycle increase: will the price reach $ 10,000 in the last financial quarter? APPLERDIRST on Arab Cryptonews.
