Represents A Significant Price Level
Ethereum (ETH) price is struggling to consolidate above $1,700. This Monday, February 20, is the fifth consecutive day that Etherum has passed that level, but in the previous days it has not been able to close above said price.
As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit .
However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day.
At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago.
As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment.
So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months.
In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.
As of this writing, ETH is trading at just $1,708, on TradingView records . The highest level in recent days was recorded on February 16, when it reached $1,742 per unit .
However, on that occasion the daily candle closed in the red, below $1,640 . The same has happened on the other days, with ETH being unable to stay above the $1,700 barrier at the end of the day.
At the moment, he is achieving it this Monday. That price mark is an important barrier, taking into account that that level was lost 5 months ago. On September 13, its price fell from there to not return, until a few days ago.
As it was reported by the end of January ETH had managed to consolidate a new price level above $1,500 . In addition, various bullish signs already supported the rise of the cryptocurrency from that moment.
So far this year, the entire cryptocurrency market has been bullish and very promising. In addition to ETH, bitcoin has risen almost 50% this 2023 and went to its best price in 6 months.
In addition, there are already at least 30 cryptocurrencies in the top 100 that have doubled in price today. A list that was barely 17 coins a few days ago. In that list there are even some outstanding trends, such as the case of cryptocurrencies related to artificial intelligence or Stacks case and its relationship with the NFT Ordinals in Bitcoin.
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