- The second largest coin gains bullish momentum.
- The token practices deflationary mechanism
- ETH witnessed a price rally by 5%.
The people participating in the crypto space are very recently talking about ETH being a deflationary token. But is that true? Yes, ETH is indeed a deflationary token that works on the market mechanism to stimulate its price. Its current deflation rate for ETH is 0.001% annually. Due to the heartbreak caused by the FTX crash, the market is on a recovery journey and plans to go up from here. The masses say ETH has dropped to the lowest it would have gone; now, it only plans to surge from this point. Either by hook or crook, it plans a bright future for its holders and itself.
នេះជាអ្វីដែលតារាងបង្ហាញ
នេះ សាកលវិទ្យាល័យ ETH price forms a falling parallel channel for the price to shoot in the future. It targets to reach the price levels near $2010 at the end of the channel. The trading volume also fully collaborates with the formed pattern and prepares a stronger base. It penetrates the 20-EMA and aims for the higher ones to reclaim in the future.
The ETH price sends the CMF indicator to rise and dip slightly for the pattern to be formed successfully and for the price to rocket. The MACD indicator converges with the signal line above the MACD line, coinciding with marking the end of the bear era. The RSI indicator slopes higher to escalate to the higher zones as the buyers of ETH become more active.
ក្នុងរយៈពេលប៉ុន្មានម៉ោងថ្មីៗនេះ
The 4-hour timeframe shows the price to follow the pre-paved path for the surge. The RSI indicator moves akin to the ceiling and becomes overbought by the holders. The CMF indicator rises and floats above the zero mark for the price rallies. The MACD indicator diverges with a wider gap for stronger bulls taking over the market of ETH.
សន្និដ្ឋាន
Ethereum is building high hopes for the holders as it bids farewell to the recovery phase and plans to rally. Being amongst the major crypto coins, its positive news sends ripples to many other coins in the market which hold strings with this platform and see good times in the future.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ
Source: https://www.thecoinrepublic.com/2022/11/30/only-way-left-for-eth-is-up-prices-to-surge-soon/