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Ethereum Is On A Roll! Will ETH Reach $3,000? We are evaluating the chart formation, market trends, trading volume, and possible future moves of Ethereum (ETH).
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In our Ethereum analysis dated January 6, we stated that the uptrend would continue, and there is an uptrend even though it has not yet reached the target area. However, there are uncertainties about how long this uptrend will continue. The possibility of deviating from the line we indicated should also be considered. Especially this region is an important resistance point and Ethereum may experience a decline by encountering resistance at this point.
We tried to show the scenarios that may occur in the chart with broken lines. This movement in Ethereum has the potential to create positive effects on other altcoins. However, if Ethereum does not move as indicated and directly heads towards the target area, it may cause negative effects. Because the pullbacks of rapid rises will also be rapid, which can negatively reflect on other alts.
For this reason, we should consider that gradual rises can lead to good rises in other altcoins.
Looking at the liquidation map, we see that liquidations are accumulating in the area where the green blocks are. If Ethereum (ETH) also wants to go into liquidation shock, which market makers will want to eliminate large leverage, there may be a decline to these levels. However, there will be no problem in the continuation of our rise.
Ethereum (ETH) Market Data
- Market Cap: $317.9 billion (7.50%) – Rank: #2
- Volume (24h): $30.3 billion (67.62%) – Rank: #3
- Volume / Market Cap (24h): 9.66%
- Circulating Supply: 120.18 million ETH
- Total Supply: 120.18 million ETH
- Fully Diluted Market Cap: 317.72 billion
You can easily buy and sell Ethereum (ETH) tokens from global exchanges such as Binance, BitGet, Kucoin, Mexc, Houbi, and Gate.io. If you want to benefit from the discount link defined specifically for Coin Engineer followers, you can use our reference code by clicking on the exchange you want to register.