Massive Ethereum Buying Spree – Taker Buy Volume hits $1.683B In One Hour

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Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Should Ethereum maintain its position above the 200-day MA and push decisively past the $3,450 level, it could pave the way for a bullish rally, targeting higher resistance zones in the coming days.

This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle.

Coinbase Investors – Top Analyst Shares Metrics However, Ethereum still faces a critical hurdle at the $3,550 level, a significant supply zone that has acted as a barrier since late July.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Ethereum ETHUSDT Ethereum Technical Charts Ethereum Demand ETH Ethereum Price analysis Ethereum Bullish Ethereum volumes Ethereum news Ethereum Buying

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-23 @ 00:30:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 66 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23773813

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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News Last Updated: 14 hours ago

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