ETH price Teases A Breakout Run For A New All-time High
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.