Ethereum

Greed

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<p>According to the latest data from 100eyes Crypto Scanner, Ethereum is <a href="https://twitter.com/100eyesCrypto/status/1727100080358895950" rel="noopener noreferrer nofollow">approaching</a> a horizontal support point at around $1,925.&nbsp;</p>
<p>This follows a dynamic 24-hour trading period where Ethereum's price fluctuated between $1,940.08 and $2,018.93, currently standing at $1,989.80.&nbsp;</p>
<p>This represents a 1.2% increase compared to the previous day, with its market capitalization now at approximately $239 billion and a substantial 24-hour trading volume of $23 billion.</p>
<h2 id="more-buying-opportunities">More buying opportunities? &nbsp;&nbsp;</h2>
<p>Horizontal support is a significant concept in the trading of cryptocurrencies. It refers to a price level at which a downward trend is expected to pause due to a concentration of demand.&nbsp;</p>
<p>Now that Ethereum nears this key level of $1,925, investors and traders are closely monitoring its movement for potential buying opportunities or signs of a further price drop.&nbsp;</p>
<p>The top altcoin dropped in tandem with other major cryptocurrencies on Tuesday due to the bombshell <a href="https://u.today/end-of-an-era-binances-cz-to-step-down" rel="noopener noreferrer nofollow">Binance news</a>.&nbsp;</p>
<h2 id="traders-are-still-greedy">Traders are still greedy &nbsp;</h2>
<p>Despite this, Ethereum's current sentiment remains in 'greed' territory, with the Ethereum Fear and Greed Index indicating a score of 56 — suggesting that market sentiment is still optimistic.</p>
<p>Despite recent fluctuations, ETH is up by 66% since the beginning of the year. This robust increase is a potential factor contributing to the prevailing optimistic sentiment among investors, even as the cryptocurrency approaches its horizontal support level.&nbsp;</p>
<p>Ethereum's performance over various periods has shown a mixed trend, with a 5-day decrease of 2.84% but an 11.34% rise over the past month and an 18.20% increase in the last three months.</p>

Ethereum (ETH) Price Nears Key Support Level

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Alte articole publicate pe 22 nov. 2023

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