Ethereum

Defi

Resistance

<ul>
 <li><strong>At the time of writing, ETH is trading at $2084, up 0.57% in the last 24 hours.</strong></li>
 <li><strong>The price has been climbing ever since it found support at $1934 on November 22.</strong></li>
</ul>
<p><a href="https://thenewscrypto.com/vitalik-buterin-transfers-100-eth-to-coinbase/" target="_blank" rel="noopener noreferrer nofollow">Vitalik Buterin</a>, co-founder of Ethereum, was recently interviewed by Defi and the NFT platform Defiant. Buterin was on a maiden trip to Turkey. The host probed Buterin for details on Ethereum’s planned development. This year, according to Vitalik, they are adopting a more optimistic view on “staking centralization.”</p>
<p>He said they need to “redesign” Ethereum staking so that mining and staking pools can evolve for the better. Fixing these problems, in his opinion, will make decentralization stronger. The problem, however, is that off-chain systems are lagging behind, making it difficult to meet immediate and intermediate needs for data availability.</p>
<p>According to Santiment statistics, the rise in fresh demand for <a href="https://thenewscrypto.com/ethereum-eth-aims-for-2200-will-it-happen/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> coincided with the advance over the $2,000 crucial price mark on November 23. The market intelligence platform claims that on November 21st, the daily count of new addresses trading ETH started to trend higher and by November 23rd, it had climbed by 17%.</p>
<h3 class="wp-block-heading" id="h-bulls-striving-hard">Bulls Striving Hard</h3>
<p>Having broken over the key $2,000 threshold and eyeing to test the $2,128 resistance level, the price has set the scene for potential further price movement.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-7.png" alt="" class="wp-image-86378" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-7.png 630w, https://thenewscrypto.com/wp-content/uploads/2023/11/ETH_7D_graph_coinmarketcap-7-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div>
<p>At the time of writing, ETH is trading at $2084, up 0.57% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 29.15%. The price has been climbing ever since it found support at $1934 on November 22.</p>
<p>If the price manages to break above the $2128 level, then it will likely rally further to test $2334 resistance level. However, if the price goes below $2068 level, then it will likely test the $2000 support level.</p>

Ethereum Eyes Retesting $2128 Resistance Level as Bulls in Control

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TheNewsCrypto

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