ETHUSDT
Ethereum's weekly session has turned red, reversing the recent bullish action.
Currently, Ethereum is trading at 2697 and is considered highly undervalued in the current market scenario .
Compared to other major cryptocurrencies like Bitcoin, Solana, and XRP, Ethereum is still down by 30% from its recent swing high .
*Key Levels to Watch:*
- _Resistance Zone:_ 2800 USD
- _Support Zone:_ 2550-2620 USD
- _Important Level:_ 2300 USD
*Technical Indicators:*
- Relative Strength Index (14): 61.54
- Commodity Channel Index (20): —
*Analysis:*
The bullish trend is currently strong, and as long as the price remains above the support at 2550-2620 USD, you could try to benefit from the boom .
However, be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term .
An expert swing trader, known for a flawless 100% success rate, just made headlines by buying another large stash of Ethereum as its price fell to $2,635.
According to Lookonchain, a well-respected blockchain analytics platform, this savvy investor has a talent for timing the market perfectly.
With this latest move, the trader has now made an impressive profit of $2.16 million!