This purchase is coming shortly after another significant whale buy of $18 million ETH at a DeFi coin price of about $1,971, showing the possibility of a bullish trend. The token breaching this point is a monumental feat for traders, as it has only exceeded $2,100 twice this year. The $5.5 million ETH purchase is even more significant as it was carried out via the Binance exchange, currently facing regulatory charges exceeding $4 billion. Bitcoin (BTC) price has breached the $38,008 resistance level, though not decisive just yet, to trade for $38,139 at the time of writing. There remains potential for a stretch to the range high at $38,414, or in a highly bullish case, a neck up to tag $40,000. Bitcoin (BTC) price is trading with a bullish bias, leading the broader market north with a price action characterized by higher highs.

  • If the ETHBULL price moves above any of these averages, it is generally seen as a bullish sign for 3X Long Ethereum Token.
  • InQubeta (QUBE), the new AI-centric coin, has its fair share of attention, attracting massive investments.
  • On the other hand, if the bears dominate, selling pressure could send XRP price below $0.5981, thereby invalidating the bullish thesis.
  • Based on multiple technical quantitative indicators, the current forecast for 3X Long Ethereum Token in 2023 is neutral.
  • This new AI token on the decentralized cryptocurrency list has been recognized for its incredible growth potential.

He also says that he is long-term bullish on Ethereum after ETH broke out of a wedge pattern at the $2,087 level on the weekly chart. “Speaking of Ethereum, we’re currently in the process of testing very important levels. We have been highlighting the bull flag chart pattern in Ethereum – which we recently cleared – for several weeks now and it looks like we could be forming a larger cup-and-handle pattern. In a new analysis, the former Goldman Sachs executive says that Ethereum’s price action continues to print bullish patterns.

Multiple experts believe the coin would keep the positive trend in 2024, with some envisioning it could hit a new all-time high in the following months. On the other hand, increased selling pressure could see Bitcoin price fall back below the $38,008 support, or worse, test the $35,487 support. In a more dire case, the slump could see BTC lose the support confluence between the horizontal line and the 50-day Simple Moving Average (SMA) at $33,912.

market data

Moving averages are among the most popular 3X Long Ethereum Token price prediction tools. As the name suggests, a moving average provides the average closing price for ETHBULL over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for ETHBULL is a sum of ETHBULL’s closing prices over the last 12 days which is then divided by 12. Most traders use candlestick charts, as they provide more information than a simple line chart. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.

3X Long Ethereum Token’s price today is US$0.04422, with a 24-hour trading volume of $N/A. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 57.12, which indicates that the ETHBULL market is in a neutral position.

Long Ethereum Token Price

Holding the Toros Ethereum Bear -2X however, would have protected you from liquidation. This is because Toros rebalances on price movements to maintain the leverage range. Single direction movements can exceed returns compared to typical perp leverage products. This is because Toros increases leverage as its price increases, to maintain the leverage range. In sideways (up-down) markets, Toros pools can underperform typical leverage products.

What is the 3X Long Ethereum Token price prediction for 2024?

However, there is no need for them to manage collateral, margin, liquidation prices, or anything that a normal margin user needs to manage. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. Based on multiple technical quantitative indicators, the current forecast ethbull price for 3X Long Ethereum Token in 2023 is neutral. This could be an indication that 3X Long Ethereum Token is a good buy in 2023. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy 3X Long Ethereum Token or not.

Historically, every time this crossover happens, BTC reacted with a bold move north, thereby qualifying the crossover as a buy signal. For added assurance, insurance against smart contract risks is available withInsurAce. Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol’s cornerstone product, the FRAX stablecoin. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

Could 2024 Be ADA’s Year?

A recent whale purchase worth $5.53 million has rocked the crypto market, leaving investors wondering whether the whales are gearing up for a bullish run. Lookonchain, a top on-chain data platform, reported this buy, driving Ethereum to a breakout beyond the daunting $2,100 resistance mark. Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about 3X Long Ethereum Token’s price action in 1-hour chunks. Each candlestick will display ETHBULL’s opening price, closing price, as well as the highest and lowest prices that 3X Long Ethereum Token reached within the 1-hour period.

Since the 3X Long Ethereum Token market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on 3X Long Ethereum Token’s price movements. The 200-day SMA is calculated by taking 3X Long Ethereum Token’s closing prices in the last 200 days, adding them together, and dividing the total by 200. Over the last 30 days, 3X Long Ethereum Token had 30/30 (100%) green days.

Spot Bitcoin ETFs have been a key catalyst in driving the markets, setting the tone for Bitcoin price and the rest of the market as capital overflows from the BTC market went to altcoins. Ethereum (ETH) and Ripple (XRP) prices are also teasing with bullish biases, hinting at bullish moves depending on how the bulls play their hands. In other words, 0.00 have changed hands within the past 24 hours through trading.

3X Long Ethereum Token’s 14-day RSI is at 57.12, indicating that ETHBULL is currently neutral. Currently, the 3X Long Ethereum Token Fear & Greed Index stands at 71, which means that investors’ sentiment is in the so-called Greed zone. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author has not received compensation for writing this article, other than from FXStreet. The Relative Strength Index (RSI) is moving north and is just about to cross above the signal line (yellow band).

Investors can stake their QUBE tokens and earn passively from this pool without parting with them. As InQubeta pushes forward, selling out its presale stages and approaching its launch, more investors are drawn to its unique offerings and explosive growth potential. All Toros leverage tokens have built-in protection against downside liquidation. For example, if you had held a typical -2X ETH Short perp from March to May 2021, you would have been liquidated several times over as ETH went up in price.

An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. The live 3X Long Ethereum Token price today is $2.84 USD with a 24-hour trading volume of 0 USD. The price of ETHBULL is up 0.73% since last hour, up 5.52% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $0.03 USD. ETHBULL has a circulating supply of 2.23M coins and a max supply of 2.23M ETHBULL.