#ETHSurpasses$2300 Ethereum just made a very sharp move.
In a short period the price climbed from the area around 1900 to above
2300
. Right now it is trading near 2280 after touching 2335.
Such rapid expansions always look impressive on the chart. At the same time they leave open the usual questions.
How much of this move is already priced in, how sustainable the momentum is, and whether the market will need time to digest the new levels.
For now the structure looks strong. The price is well above the recent moving averages and the breakout was clean. Still, moves of this size rarely travel in a straight line for long.
It will be interesting to watch how the market behaves in the coming sessions once the initial excitement settles.$ETH $ENA $RE
In a short period the price climbed from the area around 1900 to above
2300
. Right now it is trading near 2280 after touching 2335.
Such rapid expansions always look impressive on the chart. At the same time they leave open the usual questions.
How much of this move is already priced in, how sustainable the momentum is, and whether the market will need time to digest the new levels.
For now the structure looks strong. The price is well above the recent moving averages and the breakout was clean. Still, moves of this size rarely travel in a straight line for long.
It will be interesting to watch how the market behaves in the coming sessions once the initial excitement settles.$ETH $ENA $RE