ETH Breaks Through to $2,400, Recording an Impressive 7.08% Increase in a Day
According to the latest market data updated on 24/6, the price of Ethereum (ETH) has surpassed the resistance level of $2,400, currently trading at $2,407.68/coin. This is a strong step demonstrating a clear upward momentum in the cryptocurrency's trend cycle.
Technical Analysis: ETH Continuously Establishes New Peaks
ETH increased by 7.08% within 24 hours, proving abundant buying pressure and relatively low selling pressure. Ethereum's recovery is emerging from positive technical signals such as breaking through an ascending triangle pattern and a sudden surge in trading volume. This indicates that investors are aggressively accumulating, laying a solid foundation for further increases.
Impact of Price Increase on Cryptocurrency Market
ETH breaking through the $2,400 mark not only strengthens its position but also stimulates a positive sentiment for the entire DeFi ecosystem. Many projects built on the Ethereum network are expected to benefit from the attractive capital flow. Simultaneously, FOMO capital may also drive significant volatility on trading platforms.
Prospects and Investment Opportunities
ETH's upward momentum opens up attractive opportunities for long-term investors and short-term traders. However, attention should be paid to support levels around $2,300 and the next resistance threshold near $2,500 to develop an effective trading strategy. Closely monitoring on-chain information and transaction data will help enhance investment performance in a volatile market.
Conclusion
Ethereum is affirming its strong position in the world's largest cryptocurrency ranking with an impressive price increase of over 7% in just one day. Smart investors should seize this moment to assess long-term growth expectations and sustainable profit opportunities in an ever-moving market landscape.
