CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2024-11-29 13:40:58

Ethereum Price Update: Can It Hold the Momentum?

The post Ethereum Price Update: Can It Hold the Momentum? appeared first on Coinpedia Fintech News Ethereum reached $3,688 on November 28, its highest in six months. That’s big news, but it didn’t stay there long. The market took a breather, and ETH slid back to $3,580. Still, it ended the week with a 5% gain, which isn’t too shabby, considering the wild 18% jump earlier. The real question? Is Ethereum gearing up for an even bigger move—or is this just another tease? A Bullish Mood, But Is It Enough? There’s definitely some excitement brewing. In the futures market, funding rates show more traders are betting on ETH going up, which is a good sign. But let’s not get ahead of ourselves. This optimism isn’t anywhere close to what we saw during the 2021 peak of $4,890. Most ETH holders are pretty happy right now, though. About 88% of them are in profit at current prices. That’s not bad, right? Another 4% are just breaking even, while only 8% are down. On-chain data shows that loads of investors bought ETH between $3,489 and $3,707. For them, this is a sweet spot. But those who jumped in above $3,707? They’re still waiting for the market to do its thing. Slowing Down—or Warming Up? Here’s where it gets tricky. Even though ETH’s price has been climbing, the RSI (Relative Strength Index) has been falling. That’s a fancy way of saying momentum is losing steam. If prices drop further, ETH could head toward $3,046, which is its next big support level. Another thing to keep an eye on is trading volume. It’s down by a whopping 34.90% in the past 24 hours. That’s a red flag because it means fewer people are buying and selling. Even whales (those big-money investors) seem unsure. Data shows they’re equally split between longs and shorts, so the market might just hang tight for now. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP Price Set for Huge Pre-Christmas Rally – Here’s Why , What’s Next for Ethereum? It’s a mixed bag, honestly. On one hand, there’s a lot of optimism among investors, and most are sitting on profits. But on the other hand, technical signals like the RSI and trading volume are screaming, “Hold up, something’s off!” So, will Ethereum push past $3,688 and aim for new highs? Or are we looking at a period of cooling off—or even a correction? No one knows for sure, but one thing’s certain: It’s going to be interesting to watch.

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen