Has ETH accumulated enough power to rise to the $1,500 mark? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum
In the local time frame, Ethereum is stuck between the support at $1,313 and the resistance at $1,386. The price is closer to the upper level at the moment, which means that bulls are more powerful than bears.If the pressure continues, there is a chance to see the leading altcoin near the $1,400 mark by the end of the day.
On the daily chart, Ethereum is fixed above the vital level at $1,281. Until the price is above it, bulls control the situation on the market. In this case, the more likely scenario is sideways trading between $1,300 and $1,400, so bulls could accumulate energy for a further upward move. From the midterm point of view, Ethereum is looking bullish as the price has broken the $1,300 mark. Thus, the buying volume is rising, which means that one can expect an approximate rate of $1,500 within the next few weeks.
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