Ethereum iwwer dëse entscheedende Niveau briechen kéint et op $1,550 drécken

After a period of difficulty, the largest digital assets on the cryptocurrency Maart are finally recording some noticeable gains, including Ethereum (ETH), leading analysts to identify crucial levels that will further propel its bullish réckelen.

Indeed, provided that Ethereum retains its current strength, flipping the crucial level at $1,150 and breaking out above $1,225, it will pave the way for a bullish run towards $1,350 and possibly even $1,550, as observéiert vun der Krypto Handel expert Michaël van de Poppe on November 29.

Méi Benotzeraktivitéit

Likely factoring into the recent price surge, Ethereum’s active addresses have surpassed a six-week high, last reached on October 15, which was followed by a 30% price hike over the following three weeks, no to the on-chain analytics platform Santiment.

Along with the spike in price, Ethereum is also recording steady gains in large key addresses since early November, leading the number of shark and Whales addresses (holding between 100 and 100,000 ETH) to a 20-month high, Santiment Donnéeën weist.

Ethereum technesch Analyse

That said, Ethereum’s technesch Analyse (TA) indicators on 1-day gauges remain relatively undecided, as their summary stands in the ‘neutral’ position at 10, as opposed to 9 indicating ‘buy’ and 7 pointing towards ‘sell.’

Dëse Resumé ass aus réckelen Duerchschnëtt (MA), which are also firmly in ‘neutral’ at 1, whereas they equally suggest ‘buy’ and ‘sell’ at 7, respectively. On the other hand, Oszilléierer are more optimistic, as they stand in the ‘buy’ zone at 2, as opposed to 9 in ‘neutral’ and no ‘sell’ indications.

Meanwhile, Ethereum has already started its move in the direction Van de Poppe predicted, changing hands at the price of $1,265, which demonstrates an increase of 4.26% on the day and 8.51% across the previous week, minimizing the loss of 20.14% on its monthly chart.

Donieft huet den cryptocurrency Communautéit iwwer bei CoinMarketCap has maintained its bullish attitude on the future of the decentralized finance (Defi) asset, Schätzung it would trade at the average price of $1,413.61 by December 31, which fits Van de Poppe’s predictions.

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