Ethereum
Ethereum Crushes Bitcoin But Solana Is A Major Threat: Will ETH Surpass $3,700?
Ethereum prices are in green but more is needed to define the trend. As things stand, the path of least resistance still heads south. This outlook will change if there is a decisive close above local resistance, ideally with a rapid expansion trading volume. However, given what awaits us in terms of spot AND F are concerned, there could be more room for growth for ETHIn this case, traders are watching what happens at $3,700.
In light of the weekend’s events, Ethereum is in the green but still stuck in a bearish formation. To quantify, the coin is up 3% over the past day and 4% over the past week. If that’s to change, buyers are keeping a close eye on the price reaction to $3,700. So far, the average trading volume is low, at just $10 billion over the past day. Going forward, it’s likely that participation will increase as the community prepares for spot ETFs.
| 🥇 |  |
Read the review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit the broker >> |
| 🥈 |  |
Read the review | FMA, FSA | 50 USD | Visit the broker >> |
| 🥉 |  |
Read the review | FSCA, CySEC, DFSA, FSA, CMA | $0 | Visit the broker >> |
| 4 |  |
Read the review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | 200 USD | Visit the broker >> |
| 5 |  |
Read the review | FCA, CySEC, FSCA, SCB | 100 USD | Visit the broker >> |
| 6 |  |
Read the review | FCA, FINMA, FSA, ASIC | $0 | Visit the broker >> |
| 7 |  |
Read the review | CySEC, FCA, FSA, FSCA, Labuan FSA | 100 USD | Visit the broker >> |
| 8 |  |
Read the review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | 10 USD | Visit the broker >> |
| 9 |  |
Read the review | ASIC, CySEC, FSCA, CMA | $100 | Visit the broker >> |
| ten |  |
Read the review | IFSC, FSCA, ASIC, CySEC | 1 USD | Visit the broker >> |
Top Ethereum news headlines today include:
- Despite Ethereum’s dominance Challenge and the NFT activity, Solana establishes itself as the king of DEX trade. The latest data shows that Solana DEXs like Raydium cumulatively process almost 2x the transaction volume compared to their Ethereum counterparts.
- After more than 650 days, Ethereum appears to be breaking out of a downward trend. corner against Bitcoin. As ETH bulls take over, this could have a positive impact on the entire market, strengthening the upward push.
Ethereum Price Analysis
ETH/USD turns green at spot rates.
Fundamental factors are at play, but that only matters if immediate liquidation levels are broken.
For Ethereum, this line is $3,700.
Aggressive traders can start charging the dips, expecting a full close above this zone, propelling gains above $4,000.
Even so, this will change quickly if ETH falls below $3,300. In this case, prices could easily fall as low as $2,800 as the ETF’s spot approval becomes a sell-off event.