Ethereum’s Bullish Breakout, ETH Poised for 23% Rally

Quick Summary:

This crucial breakout occurred just after the U.S.presidential election results, where Donald Trump defeated Kamala Harris Why ETH Price is Rising?

The bullish thesis for ETH will only hold if the asset maintains itself above the $2,880 level, otherwise, it may fail.

With this breakout, has entered an uptrend as it is currently trading above the 200 Exponential Moving Average (EMA) on the daily time frame.

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Article Details

Author / Journalist: Zameer Attar

Category: Crypto

Markets: United States

Topics: Ethereum Price Analysis Crypto news News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 20:33:49 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Coinpedia

News ID: 23465303

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