Ethereum Price Surge
The Ethereum price is now up 4% in the last 24 hours and traded for $2,306 as of 3:00 a.m. EST time, following a 45% surge in trading volume.
Positive Market Sentiment
The broader market optimism indicates positive sentiment towards Ethereum, clearly reflected by the notable spike in ETH inflows totaling $29 million since the start of the year.
Positive Outlook for Ethereum Price
According to CoinShares, this surge is a significant change in market sentiment towards Ethereum, paralleled by the gradual strengthening upward momentum, marked by ETH’s hike beyond critical resistance points.
Bearish Scenario for Ethereum Price
However, a trend reversal could occur, leading to profit booking and a potential downward trajectory.
On-chain Metrics Backing Ethereum
Whale Transaction Count and Volume data supporting the bullish outlook for Ethereum, and further data from the Global In/Out Of The Money (GIOM) indicator shows the immediate resistance for Ethereum price at $2,347 is rather weak.
Landing Pad XYZ Price Surge
The project is now a top pick for the best AI crypto to invest in, giving investors a chance to discover the next 10X trades.
Hot Take: Alternative to Ethereum
Launching price LPX is rising in the presale, with collections reaching $2.467 million. Investors are eagerly accumulating LPX, given its potential to hit $2.5 million. Consider buying LPX even as the coin inches closer to the $3,000 psychological level.
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