buy
Ethereum Breaks Resistance, Eyes Next Rally at $2,900
Ethereum has recently broken through the key resistance level of $2,700 during its ongoing rally and is currently consolidating around $2,500. While it still has a distance to go to reach its All-Time High, breaking the major resistance indicates a positive trend. The True Market Mean, an important market average at $2,400, has been surpassed, suggesting that ETH investors are generally back in profit territory. The Active Realized Price at $2,900 marks the level where most trading activity occurs and serves as a breakeven point for short-term traders. Should ETH manage to break above $2,900 and establish it as a support level, the possibility of another upward surge becomes more plausible.
Source available for registered users Sign Up Free
AI Analysis
The recent price action of Ethereum indicates a strengthening momentum after surpassing the $2,700 resistance. The extension beyond this level suggests that the market sentiment is shifting from cauti...
AI Recommendation
Investors should consider a wait-and-see approach at the current consolidation level around $2,500. Watching for a decisive break above $2,900 is prudent, as it could confirm the continuation of the b...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
You might also be interested in:
partial buy
partial buy