ZKP Cryptocurrency Gains Market Attention Amid Supply Changes
- Chainlink Price Prediction: Currently trading near $30 with a market cap exceeding $14 billion, Chainlink's relevance continues to grow as decentralized finance expands, suggesting a sustained upward growth trajectory.
- Ethereum Market Dynamics: With a price around $2,900 and a market cap above $340 billion, Ethereum faces network cost challenges, yet Layer 2 upgrades are expected to enhance performance, solidifying its core role in DeFi and NFTs.
- ZKP Presale Auction Highlights: The daily supply of ZKP is set to decrease from 200 million to 190 million coins, tightening availability and increasing demand, positioning ZKP as the best crypto to buy right now, attracting significant investor interest.
- Market Participant Confidence: Large-holder activity indicates confidence in both Ethereum and Chainlink, and while short-term corrections may occur, the overall market sentiment remains positive, supporting future growth potential.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 733.68 | 1240.74 | 1700.52 | 2207.58 | 2667.36 | 3174.42 | 3634.2 |
| Fibonacci | 1240.74 | 1610.073 | 1838.247 | 2207.58 | 2576.913 | 2805.087 | 3174.42 |
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