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Ethereum is in positive territory today, trading above $1,900. The second largest cryptocurrency has yet to hold the $2,000 level, which is important for psychological resistance, no matter how many stabs there are in 2023. hard fork.
- Ethereum price prediction against USD
- The current price of Ethereum is $1917
- Market capitalization : $228.96 billion
- Contract supply . 120.37 million ETH
- CoinMarketCap Rating - #2
- Resistance levels : 1906594, 1934671, 1953632
- Base - 1,859,555, 1,840,594 and 1,812,516
- Pin - 1887
Data is available at Barchart.com
The price of Ethereum is steadily rising after falling below $2000 for the past few days. The coin holds its base on the anchor point. Today's price shows that the #2 coin has successfully recovered to $2000 and above. The growth will meet resistance at the levels of 1906 and 1934 dollars. At the time of publication, the price of Ethereum was $1917.
Today's value is above the short-term low of 1807, but below the expected short-term high of 1940.
Forecasts suggest that Ethereum could reach a monthly high of $2,135 if the resistance levels are broken. On the other hand, it could reach the monthly low of $1,750 if Ethereum faces a rejection of the recent high. With the lowest support point at $1,812, Ethereum can continue to range from $1,812 to $1,953 before the resistance is broken.
Ethereum has broken above its 18-day moving average and is trading above $1,900.
Consequences of the Shapella hard fork
On April 12th, Ethereum successfully completed an update called "Shapella". Prices began to rise steadily, crossing the $2,000 mark, before falling a few days later. Most interestingly, Glassnode data showed a low uptake of points, with the amount of Ethereum held by points dropping from 14.167 million to 14.033 million on the update day in early May.
The Shanghai hard fork, or Shapella update, eased the bet by giving investors access to their locked-up ETH, which some people believe could fuel selling momentum. According to Beaconcha.in, investors have already withdrawn more than 1.97 million ETH, equivalent to $3.6 billion. However, no significant changes in the price of ETH were detected.
The number of whale strikes is not the only determinant of price growth, as crypto markets depend on many factors. In 2020, when the whales had a similar small rally, the price of ETH rose from $110 in March 2020 to $4,950 the following November.
The rise of Ethereum will be good news for the crypto space after a long crypto winter. The upward movement will greatly improve the cryptocurrency market due to the influence of the second largest blockchain in the industry. Once Ethereum breaks the resistance level, it will reach the $2,000 mark, and future predictions suggest that the coin could cross the $2,800 mark in the next 52 weeks.
AiDoge - Transforming the future of memes
AiDoge has been getting a lot of attention lately, and for good reason. This emerging altcoin could be the next big thing in the cryptocurrency market. Investors who act quickly and take advantage of the pre-sale can collect a significant portion of the token before it is officially listed, giving them the opportunity to reap potentially huge rewards if AiDoge's value rises.
AiDoge (AI) is a newcomer to the cryptocurrency industry, bringing artificial intelligence to the world of blockchain and cryptocurrencies. The project's original coin, AiDoge, is in presale. All crypto enthusiasts who want to invest in an AI-related project can purchase a token.
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AiDoge is currently trading briskly at $0.0000268 before moving to $0.0000272 in the upcoming presale period. You can buy AiDoge tokens now before the price increases in the next 3 days .
The project has already raised $1,634,882.53 from a potential $1,980,000 presale and is selling fast.
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👉 https://t.co/5j5tt4smcs#MemeCoin #Crypto #MemeSeason #AltSeason pic.twitter.com/p4VSJnbgNj
— aidgecrypto (@aidgecrypto) May 5, 2023
Altcoin boom season has arrived as more people are exposed to cryptocurrencies and investors are looking for ways to diversify their portfolios. The pre-sale proved that groundbreaking projects like AiDoge, which aim to transform the crypto space, are quickly being adopted.
On
AiDoge - New meme to earn cryptocurrencies
- Earn Cryptocurrencies with Internet Memes
- The first phase of the pre-sale is open, approved by CertiK
- AI text-prompted meme generation
- Awards, ratings, creator privileges
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