The Ethereum price has pumped 8% in the last 24 hours to trade at $3,388 as of 12:30 a.m. EST on a 53% jump in trading volume to $54 billion
Ethereum Price Signals Further Bullish Surge
Ethereum (ETH/USDT) has been on an exciting journey, recently breaking free from months of consolidation near the critical support level of $2,250. This area had acted as a safety net for the price, consistently attracting buyers and holding strong throughout the year.
Ethereum staged an impressive breakout, climbing above major resistance levels, including the 200-day moving average at $2,727. This breakout signaled a major shift in market sentiment, and now, the price has reached $3,374.
ETHUSDT Analysis Source: Tradingview
While Ethereum enjoys this upward move, it seems to be catching its breath around the $3,300 support level, hinting at a pause before the next move.
The 50-day moving average, currently at $2,960, is trending higher, signaling continued strength in the uptrend. Meanwhile, the 200-day MA sits comfortably below as a solid foundation for any potential pullbacks.
The Relative Strength Index (RSI) stands at 66.78, reflecting strong buying pressure but approaching overbought territory, indicating that a short-term pause or slight correction could be on the horizon.
Key levels to watch include the $3,300 support, which is holding for now, and resistance at $3,500, a major hurdle Ethereum price must clear to unlock further gains toward $3,800 or beyond.
However, if the $3,300 level fails, Ethereum might revisit lower levels, making this a pivotal point.
Flockerz Presale Soars Past $2.8 Million – Best Crypto To Buy Now?
As the Ethereum price continues its rally, investors looking for opportunities with more explosive upside potnetial might consider Flockerz (FLOCK), which just zoomed past $2.8 million in its presale.
Crypto YouTuber ClayBro, who has over 131K subscribers, recently speculated that FLOCK has 10X potential when it launches.
Flockerz is making waves in the crypto space with its innovative Vote-to-Earn (V2E) system, a game-changing approach that rewards the community for participating in the decision-making process.
Unlike other projects where token holders are merely passive participants, Flockerz gives users a direct role in shaping the future of the platform.
Every time you cast a vote on key decisions, you earn additional FLOCK tokens. This unique system allows the community to influence the project while being rewarded for their involvement.
We're PUMPED about the future of The Flock!
You ready to jump in?! 💪 pic.twitter.com/EpGZYH6GGZ
— Flockerz (@FlockerzToken) November 18, 2024
Flockerz also takes rewards a step further by offering a staggering 771% annual staking return.
Those interested in joining the Flockerz ecosystem can easily buy FLOCK tokens using ETH, BNB, USDT, or a regular bank card.
Right now, the price of one token is just $0.0061015. With the price set to increase in a little more than 2 days, interested investors should buy soon to lock in the best deal.
Buy Flock tokens on the official website here.
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