Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
ETH is ranked #2 with a market capitalization of nearly $312 billion. The current market price of the token is 2591 USDT
On the daily time-frame, the ETH/USDT trend had been traversing within an ascending channel pattern. The trend has currently broken out of this consolidation with significant volume support and price momentum. The next resistance is expected at 2950 USDT and the next support is expected at 2380 USDT.
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