ETHEREUM Token Report
Ethereum is a decentralized, open-source blockchain system with its native cryptocurrency, Ether (ETH). Functioning as a platform, ETH supports various other cryptocurrencies and facilitates the implementation of decentralized smart contracts.
ETH is ranked #2 with a market capitalization of over $350 billion. The current market price of the token is 2900 USDT
The ETH/USDT price had been consolidating since early Aug’24. The trend has broken out of the flat consolidation pattern with significant volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 3550 USDT and an immediate support is expected at 2720 USDT.
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