Ethereum Price Climbs to $3,200, Cryptocurrency Bull Run Is Coming

Ethereum is a cryptocurrency based on blockchain technology. Its price is affected by many factors such as market supply and demand, investor sentiment, policies and regulations, etc., so the price will fluctuate. Investors should make prudent decisions based on their own risk tolerance and investment goals, and avoid blindly following trends or impulsive trading. At the same time, attention must also be paid to preventing risks such as online fraud and illegal fund-raising. Ethereum is a cryptocurrency based on blockchain technology. Its price is affected by many factors such as market supply and demand, investor sentiment, policies and regulations, etc., so the price will fluctuate. Investors should make prudent decisions based on their own risk tolerance and investment goals, and avoid blindly following trends or impulsive trading. At the same time, attention must also be paid to preventing risks such as online fraud and illegal fund-raising.

Ethereum price is rising again above the $3,000 resistance zone and the price is currently above $3,050 and the 100 hourly simple moving average. The hourly chart of ETH/USD is showing a significant bullish trend line with support at $3,080 (according to data provided by Kraken). In the short term, the cryptocurrency may continue to rise towards $3,200 or even $3,250.

Will Ethereum price surpass Bitcoin

Ethereum price remains stable at the $2880 support zone. ETH is building a base and has broken through the $3,000 resistance to initiate a fresh rise. It rose nearly 5%, outperforming Bitcoin.

Price is currently consolidating gains after setting a new multi-week high near $3,121. It is trading above the 23.6% Fibonacci retracement level of the ascending wave from the $2,907 low to $3,121 high. The hourly chart of ETH/USD also shows a key uptrend line with support at $3,080.

Currently, Ethereum is trading above $3,085 and above the 100 hourly simple moving average. Immediate rising resistance is around $3,120, while the first major resistance level is near $3,150.

It is possible for Ethereum price to surpass Bitcoin, but it will take a long time.

Ethereum and Bitcoin are both cryptocurrencies in blockchain technology. Their prices are affected by various factors such as market supply and demand, investor sentiment, policies and regulations, etc., so prices will fluctuate. Although Ethereum has advantages in some aspects, it still needs to overcome many difficulties to surpass Bitcoin, such as technical bottlenecks, market recognition, etc.

Investors should consider their own risk tolerance and investment goals when making decisions, and avoid blindly following the trend or impulsive trading. In addition, we also need to be alert to risks such as online fraud and illegal fund-raising, and remain vigilant.

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