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Ethereum analysis: hope for a new upswing? - The reasons for the current price increase and possible triggers for a new price rally.
According to a report from www.finanzen.net, Ethereum has experienced a recovery in the last few days and the price has gradually increased. Crypto investors are hoping for a new breakout, but is this hope justified? The 5-day basis shows Ethereum up around 3.5 percent after a recent recovery, and on a one-year basis the gain is 2.8 percent. The market capitalization is currently $283 billion, which is about a third of Bitcoin's capitalization. Important indicators such as the RSI show a relatively low-movement market, although with positive tendencies. Ethereum’s recent corrective move had two main reasons. On the one hand was…
Ethereum analysis: hope for a new upswing? - The reasons for the current price increase and possible triggers for a new price rally.
According to a report from www.finanzen.net,
Ethereum has experienced a recovery in the last few days and the price has gradually increased. Crypto investors are hoping for a new breakout, but is this hope justified? The 5-day basis shows Ethereum up around 3.5 percent after a recent recovery, and on a one-year basis the gain is 2.8 percent. The market capitalization is currently $283 billion, which is about a third of Bitcoin's capitalization. Important indicators such as the RSI show a relatively low-movement market, although with positive tendencies.
Ethereum’s recent corrective move had two main reasons. On the one hand, the massive sale of Ethereum holdings by the insolvent crypto company Celsius was a decisive factor. On the other hand, the SEC's decision to postpone the launch of an Ethereum spot ETF caused disappointment and led to further price losses.
However, the future prospects for Ethereum look promising. The upcoming halving of Bitcoin, a possible launch of the Ethereum spot ETF and an imminent decline in high interest rates are in focus and could have a positive impact on the price of Ethereum. The past halving events have always been associated with new highs, and so the upcoming halving could also help Ethereum reach new record prices. The launch of the Ethereum spot ETF and a possible reduction in interest rates could also have a significant impact on the market.
Another interesting aspect for investors is the eTukTuk project, which combines sustainability and blockchain. The team focuses on developing e-TukTuks in developing countries to reduce CO² emissions. The eTukTuk token plays a central role and could become an attractive investment if market penetration is successful.
Overall, the prospects for Ethereum are promising, and there could be positive developments in both the short and long term.
Read the source article at www.finanzen.net