- The Ethereum price gives a decisive breakout from the resistance trendline of multi-month resistance trendline in the daily timeframe chart.
- The recently announced U.S.-Iran-Israel ceasefire began losing credibility almost immediately after its rollout, as violations and conflicting interpretations surfaced within hours.
- The ETH coin trading below the 100-and-200-day exponential moving average indicates that the broader trend in its price is still bearish.
ETH, the native cryptocurrency of smart contract giant, Ethereum, is up roughly 3% during Friday’s U.S. market hours to trade at $2,254. The uptick follows a market-wide relief rally as no major news on geopolitics has emerged that could risk the temporary ceasefire between the U.S., Iran and Israel. In addition, the Ethereum price gained additional traction as networks daily transfers count has hit a new high, projecting an organic demand for the blockchain.
English (US)