Market euphoria is here to stay
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The immediate support level now stands around the $107 mark, which coincides with the previous resistance-turned-support trendline. The robust volume accompanying the breakout adds credence to the bullish outlook, indicating strong buyer interest. Ethereum's rally has been nothing short of spectacular, with prices breaking past resistance levels with apparent ease. As of the latest trading sessions,Should a reversal occur, the focus would shift to potential support levels that could cushion Ethereum's descent. The $2,695 mark emerges as a critical juncture, aligning with the 50-day moving average, a dynamic level that historically serves as a battleground between bulls and bears.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Solana (SOL) Predicted to Make Major Gains Against Bitcoin (BTC)Solana is now the fouth-biggest cryptocurrency by market cap
Read more »
Solana's Second Phone Creates a Buzz; Could Bitcoin Reach $100K?'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the price of bitcoin nears $50,000. On-chain data provider CryptoQuant predicts that BTC prices could touch $112,000 this year if the current trend of inflows related to spot exchange-traded funds (ETFs) continues.
Read more »
CERN Wants to Build an Enormous New Atom Smasher: the Future Circular ColliderSpace and astronomy news
Read more »
Why One Solana Builder Is Still Optimistic About the NetworkLucas Bruder, the CEO of Jito Labs, which builds infrastructure for Solana, says despite the outages, the blockchain still has a lot going for it.
Read more »
Mystery of enormous Saharan 'star dune' finally solved — and it wasn't what scientists were expectingStephanie Pappas is a contributing writer for Live Science, covering topics ranging from geoscience to archaeology to the human brain and behavior.
Read more »
Colossus the enormous 'oddball' whale is not the biggest animal to ever live, scientists sayPatrick Pester is a freelance writer and previously a staff writer at Live Science. His background is in wildlife conservation and he has worked with endangered species around the world. Patrick holds a master's degree in international journalism from Cardiff University in the U.K.
Read more »