Ethereum Price Prediction: ETH Pumps 3% Ahead Of US CPI Report As Traders Rush To Buy STARS ICO That Raised 350K In Just 2 Day
Release: 2024/08/14 17:59 Reading: 213
Ethereum Price Surges Amid Anticipation
In the past 24 hours, the Ethereum price has experienced a 3% increase, reaching $2,727 as of 03:25 a.m. EST. This rise occurred despite a 30% decline in trading volume to $15 billion.
Market Influences
The recent surge in Bitcoin and Ethereum prices comes ahead of key economic data releases in the United States that will influence the Federal Reserve's policy decisions. Today, the U.S. consumer price index (CPI) data for July will be released, with expectations of a 0.2% increase in inflation month-on-month. This report is likely to impact short-term volatility for BTC and ETH.
Ethereum Price Analysis
Since August 5, Ethereum has established a rising channel, with bulls aiming to push the price above the $3,000 resistance. The price has recently crossed above the 50-day Simple Moving Average (SMA), indicating a short-term uptrend.
Moreover, the Relative Strength Index (RSI) at 59 suggests that buyers are gaining momentum, approaching the overbought region of 70. The Moving Average Convergence Divergence (MACD) is also bullish, rising above the neutral line.
Bullish Targets
The 4-hour chart technical analysis indicates that Ethereum bulls intend to break above the rising channel, targeting $3,000.
Bearish Considerations
If bears regain control, Ethereum may drop back to the $2,400 support zone.
Recent news
More>- Pepe Unchained Raises $57M in ICO: Analysts Predict Explosive Post-Launch Rally 11-30
- A rising star to outshine Bonk and Pepe, analysts predict 10,000% growth 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- 5 Meme Coins You Don’t Want to Miss for Maximum Profits! 11-30
- Market Analyst Picks Top 5 Hidden Meme Coins for Massive 12,000% Returns 11-30
- Artificial Superintelligence Alliance Price Prediction: FET Jumps 8% As Pepe Unchained Presale Barrels Past $58.4M Amid CEX Listing Rumors 11-30
- XRP Price Prediction for Today, November 29 – XRP Technical Analysis 11-29
- Swyftx lead analyst predicts altcoins will remain shaky until BTC hits $100,000 11-29
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com