Summary
- On-chain analyst Ali stated that Ethereum has formed a solid support line around $2370.
- Ethereum is analyzed to have the potential for a medium-term rise as there is no clear resistance line above the support line.
- It was reported that the current Ethereum price is trading at $2664, up 2.2% from the previous day.
An analysis has emerged that Ethereum (ETH) is building a base for a medium-term rise.
On-chain analyst Ali stated on the 23rd via X (formerly Twitter), "Ethereum (ETH) has formed a solid support line around $2370, and there is no clear resistance line above this area."
The ETH price is trading at $2664, up 2.2% from the previous day, based on the Binance USDT market at 15:34 on this day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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