July 14, Ethereum market

🔥Ethereum price has risen significantly following the market recovery, with the price currently hovering above $3,100. Anticipations for an Ethereum spot ETF have stoked investor optimism, potentially driving its price higher. If the market continues to be bullish, Ethereum is expected to break through $3,200 and even challenge the $3,400 mark. Meanwhile, technical indicators suggest there is potential for further gains in Ethereum.

🔥Key points

- Ethereum price has surged recently and is currently trading at $3,155 with a market capitalization of $379 billion.

- Ethereum’s transaction volume increased by 27% in the past 24 hours to approximately $11 billion.

- Ethereum price has fluctuated between $2,800 and $3,150 over the past week, up 5%.

- Expectations for an Ethereum spot ETF could bring $1 billion per month to the cryptocurrency market.

- If Ethereum price breaks through the $3,200 resistance, it is likely to rise to $3,300 and then challenge $3,400.

- Technical indicators show that both Ethereum’s moving averages and relative strength index (RSI) point to continued price gains.

- The Ethereum 2.0 upgrade will improve its scalability, security and sustainability, and the market prospects are broad.

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