Ethereum Gains Momentum with Expected ETF Listings on the Horizon
On July 1, 2024, at 8 a.m. EDT, Ethereum traded at $3,457, with an intraday range between $3,374 and $3,514, and a 24-hour trading volume of $10.35 billion.
Leading to a market cap of $415 billion. The ETH/USD 1-hour chart shows a strong uptrend from $3,348, with a peak at $3,520 as a key exit point. The 4-hour chart confirms the bullish sentiment, suggesting entry between $3,325 and $3,400 and a potential exit at $3,600. Daily analysis indicates a reversal above $3,400, targeting $3,900.
Mixed signals from oscillators contrast with bullish 10-period moving averages, while longer-term MAs remain positive. Despite bullish momentum, caution is advised due to mixed short-term signals and potential resistance at $3,520.
Clever Robot News Desk 2nd July 2024
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