Leader crypto currency the unit Bitcoin (BTC) has recently experienced sharp declines. These declines in Bitcoin have bloodied the cryptocurrency market. However, the market has started to recover as of yesterday. So Ethereum (ETH) which set an all-time record.
Ethereum (ETH) Has Updated ATH
The second largest crypto currency in terms of market value Ethereum (ETH) fell below $4,000 with the recent decline and experienced a pullback to the level of $3,890.
Ethereum after reaching this level, he turned his direction back up and started to recover. So popular altcoin it also surpassed the all-time high of $ 4.375 by launching a new increase and ATHupdated the .
Ethereum is the world’s largest cryptocurrency exchange Binanceaccording to data from , earlier in the day it reached as high as $ 4.405 and recorded a new all-time high.
The popular cryptocurrency Ethereum (ETH), trading at $4,341, slightly below its all-time high of 8.11% in the last 24 hours, according to CoinMarketCap data as of the time the content was penned.
Will ETH Continue to Increase?
The second largest crypto currencythe unit Ethereum (ETH) it gained over 950% in 2021, and judging by the events, the altcoin has no intention of stopping. So much so that the upward trend that began on September 21 pushed the Ethereum price to break the all-time high of $ 4,375.
The popular cryptocurrency has overtaken the 4,400 dollar and seems to be making a slight correction at the moment. The first major resistance in the upward direction is located near the 4.440 dollar level. Therefore, a break above these resistance levels and the daily closing price may move towards the 4.550 dollar level.
However, the bulls cannot succeed here, and if the decline begins, the price may decline again to $ 4,100, and then to $ 4,050.
The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.