Ethereum Pump

Ethereum pump after a breakout: Where is it going?

Yesterday we predicted the Ethereum pump after a breakout from the consolidation zone. However, the gain is much higher than we expected.

The Ethereum price today is $4,710.68 USD with a 24-hour trading volume of $28,916,457,003 USD. Ethereum is up 2.26% in the last 24 hours, with a market cap of $558,510,885,750 USD. It has a circulating supply of 118,562,741 ETH coins.

Ethereum pump
Source: TradingView

Ethereum Pump: Analysis

Ethereum rose more than 8% breaking above the consolidation zone and the price has achieved November 12, 2021, at $4784. We marked the resistance, yesterday, at fib 0.786 at $4572 and the same level now has turned into local support. The uptrend may reverse here as there is a small bearish divergence seen on the hourly chart. If not, $4874 should be an easy target for Ethereum to get to.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also


Ripple CEO Discusses Potential Outcomes of SEC Lawsuit

Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by …

Leave a Reply

Your email address will not be published.