![]() ![]() The presale is divided into nine stages, with 50% of the 2 billion tokens in circulation allocated for this purpose. $ECOTERRA Last Presale Stage, 10% Bonus in ECOTERRA TokensĮcoterra, the innovator redefining the sustainability landscape, has successfully raised a substantial $5.6 million during the final phase of its presale.Įcoterra presale presents a unique chance for investors and companies with green values to contribute towards environmental protection while securing ECOTERRA tokens at the most affordable price. Source: CoinGlassĬonsidering this situation, the price may experience a pullback towards the lower boundary of the ascending triangle pattern observed on the ETH/USD pair, which is approximately around $1,680.ĭespite the recent surge in the funding rate for the ETH perpetual swap contract and the cautionary flag it raises for late buyers, The on-chain movements and market indicators suggest a higher probability of bullish potential in the short-to-medium-term rather than a bearish trend.Īs we anticipate the price of ETH to start rallying, here is a coin that is currently offering guaranteed returns plus bonuses for all investors. Funding rate for ETH perpetual swap contracts. If the demand for short orders outweighs the demand for long orders, the cost of shorting increases, resulting in traders on the short side paying for longs. In perpetual swap trading, traders must pay funding rates for open short or long positions, depending on the asset’s demand. ETH Perpetual Swap Funding Rate Unlikely to Trigger a Pullback Late buyers should be cautious as the funding rate for the ETH perpetual swap contract has surged toward monthly highs, indicating a potential warning sign. ETH price could break above the ascending channel and potentially breach the $2000 resistance level, reaching the height of the $3000 level. The ETH price has also been trading along an ascending channel, displaying a bullish outlook with roughly two equal highs and three higher lows. These levels align with the targets indicated by the bullish ascending channel pattern. If the price manages to break above $2,000, it has the potential to drive ETH rapidly toward the 2022 resistance levels, which were at $3,000. Since November 2022, the pair has been marking higher lows, and the $1,900-$2,000 range has been functioning as significant technical and psychological resistance levels. The horizontal level of $1,906 is currently posing resistance to the ETH/USD pair. Ethereum Could Break Above the Ascending Channel ETH/USD Chart Outlook. The bulls have an excellent opportunity to enter the ETH market at the right time to garner high returns. Moreover, the Relative Strength Index (RSI) of the period (14) momentum oscillator supports this bullish move, surpassing its neutral line of 50 to trade at 57. The short-term 50-day SMA trading at $1,822 is expected to reach $2100. The ETH price seems to have received support from the 50-day SMA at $1,826, enabling the bulls to gear up for a surge.īased on our technical analysis, the 200-day SMA is trading at $1,676 and is expected to rise in the next month and reach $1,900. Furthermore, the 50-day moving average has been signaling a BUY for the past nine days, since June 21, 2023. ![]() The bullish momentum strengthens as the 200-day SMA supports the $1,645 level, causing the price to rebound further past the 50-day moving average. According to the chart above, the 200-day SMA has been displaying a BUY signal for the past 14 days, starting on June 15, 2023, at $1,438. This indicates that bullish momentum is on the rise. The Ethereum (ETH) price appears highly promising, supported by its technical aspects and bullish indicators.Įthereum (ETH) is trading above the 50-day and 200-day simple moving averages (SMA). ETH Indicators Gear Up For Bullish Momentum This increase in price appears to have triggered momentum that could potentially lead to a significant rise in the coming weeks. Subsequently, it has recently shown renewed upward movement, reaching as high as $1,900. The Ethereum price experienced a period of stability after surpassing the $1,700 mark. In such a scenario, the crypto market, including the Ethereum price, could experience continued growth over the upcoming months. This outcome is particularly likely if central banks loosen their monetary policies once again and halt interest rate hikes. If positive market developments persist, the current price increase may prove to be sustainable. If history repeats itself, there is a possibility that the Ethereum price could indeed reach the $5,000 mark and establish a new all-time high in 2023. ![]() The year 2023 holds potential for a robust rally within the next half of year, drawing parallels from the great performance witnessed in 2020.ĭuring that period, the price of Bitcoin tripled, while Ethereum experienced a fourfold increase. Join Our Telegram channel to stay up to date on breaking news coverage ![]()
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