IITMIND: EdTech, Finance and Crypto currencies



Ethereum price breaks the $2,940 support zone and started a fresh increase and thus, it has gained nearly 2.5% in the last 24 hours. There was a break above a key bearish trend line with resistance at $3,000 on the hourly chart of ETH/USD.

A new weekly high was formed at $3,089 and the price is now consolidating gains. It tested the 24.7% Fib retracement level of the recent wave from the $2,940 swing low to the $3,089 high.

If it fails to clear the $3,150 resistance, it could start a downside correction. Initial support on the downside is near the $3,000 level. The first major support is near the $2,950 zone. If there is a clear move above the $3,150 level, the price might rise and test the $3,350 resistance. Any more gains could send Ether toward the $3,500 resistance zone.

$3,050 At the time of writing this article, ETH is trading around $3,065 and has gained around 2.65% in the last 24 hours and has a market capitalization of $368.12 Billion with a increase of 2.6% in its market capitalization.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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