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Ethereum On-Chain: $ETH Set to Break-Out of Key Downtrend, Here's Why $3,500 is not Far

source-logo  coingape.com  + 1 more 01 October 2021 08:25, UTC

Ethereum ($ETH), the second-largest cryptocurrency by market cap reclaimed $3,000 support again earlier today. The top altcoin like the rest of the crypto market experienced a bearish September with negative returns, but on-chain metrics indicate that the upcoming month could flip bullish helping $ETH get back to bullish ways. The altcoin is currently moving in a price downtrend channel right below the key resistance of $3,153. A break above this resistance point would also help Ethereum to break out of the key price downtrend, restating the bull run again.

coingape.com

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