Ethereum

<ul><li>Ethereum&#39;s resilience in the $1,540-$1,600 range amid bearish sentiment raises anticipation for a breakout or breakdown.</li><li>New user influx boosts Ethereum&#39;s stability as the New Adoption Rate metric hits 34%, exceeding the 30-day average.</li><li>At $1,565, Ethereum&#39;s price exhibits mild bullish signals, with $1,615 and $1,650 as potential resistance levels, while support is found at $1,540 and $1,490.</li></ul><a href="https://cryptotale.org/ethereums-discussion-surge-amidst-bearish-trends-santiment-report/" rel="noopener noreferrer nofollow">Ethereum </a>(ETH) has been demonstrating remarkable resilience within a price range of $1,540 to $1,600, despite the prevailing bearish sentiment in the cryptocurrency market. Traders and investors are closely eyeing the charts, eagerly anticipating either a breakout or a breakdown of the crucial multi-year support level, hovering around $1,500. The crypto community is buzzing with speculation as Ethereum&#39;s price movements seem to be in sync with Bitcoin (BTC).A recent tweet by CryptoBusy pointed out the significance of this juncture, emphasizing the .382 breakout as a potential turning point or the possibility of a breakdown below multi-year support. This observation has added an extra layer of anticipation to Ethereum&#39;s price dynamics.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/885d80d77c624d3d9f4fa624d2d9c4f3.png" />However, amid this backdrop, Ethereum has been receiving a glimmer of hope from on-chain data. The New Adoption Rate metric, which tracks the percentage of wallet addresses initiating their first-ever ETH transactions, soared to a one-month peak of 34% surpassing the 30-day average of 24%. This surge suggests that an influx of new users is actively engaging with the Ethereum network, potentially providing a strong foundation for ETH&#39;s price stability.Read full article at <a href="https://cryptotale.org/new-user-surge-boosts-ethereum-as-1500-support-holds-strong/" rel="noopener noreferrer nofollow">CryptoTale.</a>

New User Surge Boosts Ethereum as $1,500 Support Holds Strong

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