The price of Ethereum is currently trading at $2,543, marking a rise of 60% over the past month. However, the price faces resistance at the $2,654 mark. Breaking through this resistance is crucial for the continuation of Ethereum's rise.
The price is likely to rise beyond this level if Bitcoin makes a new all-time high (ATH), as Ethereum has a strong correlation with Bitcoin. The move could push Ethereum towards $3,000, reinforcing its bullish outlook. If the broader market remains positive, the price of Ethereum could see continued upward momentum.
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rise in ETH price
The price of Ethereum is currently trading at $2,543, marking a rise of 60% over the past month. However, the price faces resistance at the $2,654 mark. Breaking through this resistance is crucial for the continuation of Ethereum's rise.
The price is likely to rise beyond this level if Bitcoin makes a new all-time high (ATH), as Ethereum has a strong correlation with Bitcoin. The move could push Ethereum towards $3,000, reinforcing its bullish outlook. If the broader market remains positive, the price of Ethereum could see continued upward momentum.