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Ethereum (ETH) Closer to Support Level – ETH Price Analysis

ETH has been bullish from the last week of October 2023 and reached the highest price value of $2,132.24 on 10 November 2023 after a long time.

ShahZaib Ahmed

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Gensler Remains Secretive on Ethereum ETF Approvals

Introduction

Ethereum (ETH) and many other significant cryptocurrencies have shown significant growth in the last couple of weeks. Ethereum has become the apple of eye of the crypto traders and investors due to its bullish trend over the past week, but now ETH is closer to the crucial support level.

Price Value

Currently, Ethereum is trading at $1,993.43 and moving in a bearish trend. ETH has been bullish from the last week of October 2023 and reached the highest price value of $2,132.24 on 10 November 2023 after a long time.

Related: Banks Are Investing In Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) On the Front

Statistics

ETH’s current price value fluctuates at $1,993.43 which is quite close to the support level of $1,925. Ethereum made a significant growth of 23.18% in the past 30 days but now is showing a bearish trend. The trading volume of ETH in 24 hours is $14,694,814,575 with the market circulating supply of 120,249,015 ETH.

Price Analysis

Many crypto investors and traders are eyed on the fluctuations of the Ethereum which is getting closer to the crucial support level. After 2 years, Ethereum (ETH) gained its momentum and crossed $2k but showed a bullish trend and gained the attention of crypto giants.

coinmarketcap price analysis chart
Source: CoinMarketCap.com

If look carefully analyse the monthly and weekly CoinMarkCap.com graph, we’ll come to know that Ethereum has shown significant growth and surpassed $2,132.24. But, during the last 24 hours, ETH has been bearish and expected to reach the critical support level of $1,925.

Conclusion

Although ETH has shown fluctuations during the last 24 hours, crypto giants are still showing greed for Ethereum (ETH) and a massive inflow has been observed. Earlier today, ETH reached $1,933.54 and now is trading at $1,993.43 showing a 13% increase in its price value in just a couple of hours.

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