The increasing interest in Ethereum naturally brings about an increase in ETH prices. It looks like conditions are starting to form for a new bull rally expected in ETH.
Ethereum, which has not caught the uptrend it wanted for a long time, may have regained the investor power it wanted. ETH, which had a sharp downtrend before and fell below $ 3000, wants to test the $ 3500 resistance level today. Confidence in ETH has waned as investors have been trying to avoid volatile prices in ETH for a while.
About a week before entering October, a recovery began to be seen in the crypto money markets. Ethereum, on the other hand, has risen 3.14% in the last 24 hours and wants to test its previously recovered price by pulling it to the upper level of $ 3500 now. This price point was a key resistance level for ETH throughout September. Following the recovery of the markets in October, ETH wants to break the $3500 resistance level first and then rise to the target level of $4000. The $4000 target is believed to be easy for now, aided by the growing interest in Ethereum.
At the same time, Ethereum continues to increase its market share in the markets lately. It is also known that the interest of both individuals and institutional investors in Ethereum has increased. Let’s see how Ethereum will be when the increasing interest of institutional companies in Ethereum combined with the increasing individual interest in DeFis.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.