Will Ethereum [ETH] bulls continue dominating the market next week

Michael Nderitu
18 Mar 2023 9:30 PM
ETH bulls push past the $1800 and eye the $2,000 level in less than 4 weeks to the Shanghai upgrade. Low leverage underpins the current rally, lowering the risk of an extended downside. ETH bulls have finally summed up enough momentum to push out of its 6-month low range. Meanwhile, the Ethereum network just confirmed […]...
- ETH bulls have pushed past the $1800 level and are eyeing the $2000 level in less than 4 weeks to the Shanghai upgrade.
- Low leverage is supporting the current rally, reducing the risk of a prolonged downside.
- ETH's upside has pushed beyond the previous 6-month resistance level at the $1700 price range, and its realized price has soared to a 3-month high.
- The flow of funds both on and off exchanges is slowing down, which might pave the way for the bears to challenge the bulls, especially if the situation with the banking industry is rapidly salvaged.
The article has an overall positive sentiment as it discusses the recent surge in ETH's price and the potential for it to reach the $2000 level. However, it also highlights the potential challenges and risks that could impact the cryptocurrency's momentum.
Related Questions
Will ETH be able to push above the $2000 resistance level in less than 4 weeks to the Shanghai upgrade?
Is there a risk of another sharp ETH selloff?
How much are 1, 10, and 100 ETHs worth today?
What is the current demand for ETH in the derivatives market?
Can the flow of funds both on and off exchanges impact the bullish momentum of ETH?
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