👉👉👉 #Ethereum (ETH) $3,000 Mark Confirmed, Solana ($SOL ) Fails Unexpectedly, Dogecoin ($DOGE ) Reaches Nemesis Resistance
Ethereum appears poised to breach the $3,000 mark, marking not just a psychological milestone but also a testament to investors' growing confidence in its long-term value proposition.
Recent price action reveals Ethereum's steady ascent, consistently maintaining levels above the 50-day & 200-day Exponential Moving Averages (EMA), indicating #bullish sentiment. Particularly, the $2,500 range, aligned with the 50-day EMA, has acted as robust support during its recent uptrend.
As Ethereum approaches the crucial $3,000 resistance, increased trading volume indicates strong interest in sustaining upward momentum. Profit-taking at this milestone may briefly slow progress, but the overall trend suggests any pullback could be short-lived.
If selling pressure occurs at $3,000, expect initial support at $2,800, followed by stronger support near $2,500, aligned with the 50-day EMA. Conversely, a breakout above $3,000 could signal a bullish continuation, potentially propelling Ethereum to new highs & reigniting speculative interest.
Solana's momentum has halted at the $120 resistance level, resulting in consolidation between $120 resistance & key support levels around $100. Potential further downside could lead SOL to test support near $90, marked by the 200-day EMA.
Ethereum's high transaction fees have led investors to consider alternatives like Solana. However, Solana's network outages & instability have raised concerns about its reliability, impacting its ability to rival Ethereum effectively.
Dogecoin encounters strong resistance at $0.08, a historical reversal point. However, recent increased volume & community activity show resilience. Support levels are at $0.075 & potentially $0.07, marked by the 50-day moving average.
Dogecoin's activity surge, including its 14th birthday celebration & potential payment platform integration like X payments, presents growth opportunities.
Source - u.today
