Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

ETH Up 3+%; Crypto Trader Believes Rally Could Continue

Published 11/24/2022, 07:52 AM
Updated 11/24/2022, 08:00 AM
© Reuters ETH Up 3+%; Crypto Trader Believes Rally Could Continue

  • Crypto Tony took to Twitter to share his thoughts on the Ethereum (ETH) / USD chart.
  • The analyst hopes that ETH’s rally will continue until it tests the range high at $1,350.
  • ETH is currently trading at $1,202.74 after a 3.30% increase in price.

Crypto trader and NFT collector Crypto Tony took to Twitter on November 24 to share his thoughts on the Ethereum (ETH) / USD chart, and what he expects from the altcoin price in the coming days.

Ethereum / TetherUS 3h (Source: TradingView)

According to the post, Crypto Tony hopes that ETH’s rally will continue until it tests the range high at $1,350. If this fails to happen, the trader mentioned that he will short the trade. He does, however, still see potential in the ETH price while it is still above the critical $1,200 level.

Ethereum / TetherUS 1D (Source: CoinMarketCap)

Data from the crypto market tracking website CoinMarketCap indicates that ETH is currently trading at $1,202.74 after a 3.30% increase in price over the last 24 hours. The altcoin was able to reach a high of $1,211.63 and a low of $1,153.53 over the same time period.

ETH’s price is, however, still in the red by 0.10% over the last week. The 24 hour trading volume for ETH is also in the red today as it currently stands at $11,206,637,859 after a more than 8% drop over the last day.

Adding to some of the success that ETH has seen over the last day is the fact that the altcoin was able to strengthen against its biggest competitor in the market, Bitcoin (BTC) by about 2.91%.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

ETH’s market cap is also in the green by over 3%. It currently stands at $11,206,637,859, which means that ETH remains the biggest altcoin in the market at the moment.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post ETH Up 3+%; Crypto Trader Believes Rally Could Continue appeared first on Coin Edition.

See original on CoinEdition

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.