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Ethereum Price Exit From 11-Week Accumulation Signals $3000 Breakout

source-logo  coingape.com 20 October 2024 17:30, UTC

The Ethereum price surged over 2% during a low volatility Sunday to currently trade at $2,700. This uptick in the market is a pivotal moment for ETH price as buyers breach the resistance trendline of an 11-week accumulation trend. With the larger holders strengthening their grip over Ether supply, the current recovery trend could gain momentum for a $3,000 breakout.

coingape.com