Ethereum

Convergence

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Propel

<ul>
 <li>Ethereum sets a new yearly high, surpassing the $2,400 mark amid market volatility.</li>
 <li>After trading between $1,995 and $2,070, ETH’s momentum led to an 11% price jump.</li>
 <li>Bullish MACD signals and strong market support suggest ETH may test higher resistances soon.</li>
</ul>
Ethereum has marked a significant milestone, achieving a new yearly high by surpassing the $2,400 mark during early trading hours today. This achievement comes after a period of trading between $1,995 and $2,070, with the market recently gaining the necessary momentum for a breakout.
Ethereum, leading the altcoin pack, breached its resistance level, culminating in an 11% surge before encountering resistance at $2,300. The Moving Average Convergence Divergence (MACD) reflects this bullish sentiment, showing a notable jump in the histogram that signifies increased buying pressure.
If the market maintains its bullish stance and holds Ethereum above the crucial $2,400 support level, we could see the digital currency testing the waters at a $2,450 resistance level within the week. A continued positive trend might even push Ethereum to challenge the $2,500 mark over the weekend.
The future of Ethereum in the cryptocurrency industry remains bright. With continuous technological advancements and a solid community, ETH is well-positioned for sustained growth and wider adoption, reinforcing its status as a leading digital asset.
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The post <a href="https://cryptonewsland.com/how-a-bullish-market-might-drive-ethereum-past-2500-to-2700/" rel="noopener noreferrer nofollow">How a Bullish Market Might Drive Ethereum Past $2,500 to $2,700</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.

How a Bullish Market Might Drive Ethereum Past $2,500 to $2,700

Crypto News Land

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