Ether's Value Increases by 4% following Pectra Upgrade; Telegram Swift Wallet Presale Attracts Maximum Investor Attention Due to its 123% Yearly Staking Reward
Need the lowdown on the Ethereum price? Here's the skinny:
🔺 Ethereum Price Surge: Ethereum's price soared by 4% in the last 24 hours, trading at $1,898 as of 1:14 a.m. EST on a whopping 283% surge in trading volume, reaching $52.9 billion.
🔺 Pectra Upgrade Success: This remarkable price jump came after the successful implementation of Ethereum's eagerly awaited Pectra upgrade.
🔺 Breaking Free: Ethereum has made a burst out of a defined falling wedge pattern, a setup often seen as a bullish reversal. This wedge, formed between January and late April 2025, highlighted diminishing bearish momentum.
🔺 Reversing Trendlines: The Ethereum price has convincingly broken above the upper resistance line of the wedge, hinting at a bear-to-bull sentiment shift. Moreover, Ethereum has crossed over both the 50 and 200 Simple Moving Averages (SMAs) on the 8-hour chart, signaling a trend reversal.
🔺 Golden Cross: Get ready for what might be a golden cross, as the 50 SMA could soon cross above the 200 SMA, further strengthening the bullish trend.
🔺 Bullish RSI and MACD: The Relative Strength Index (RSI) stands at 63.34, placing Ethereum in the bullish zone but not yet in overdrive (above 70), suggesting there's still ample room for more rise without fear of an immediate correction due to overextension. Meanwhile, the MACD supported the bullish outlook, with the MACD line (blue) above the signal line (orange) and both positioned above the zero line, reflecting growing bullish momentum.
🔺 Upside Target: If the positive momentum continues, Ethereum prices could aim for a lofty upside target of approximately $2,760, representing a 44.53% increase from the breakout point.
🔺 Resistance Zones: Ethereum may face resistance around the critical $2,000 level and later around $2,400, which acted as support in late 2024.
🔺 Potential Dips: A pullback in price may see Ethereum finding support at $1,573.
🔺 Investor Favor: With unstoppable momentum, investors are rushing to buy Best Wallet (BEST), according to YouTube sensation Austin Hilton, who boasts over 347K subscribers. Best Wallet has smashed fundraising goals of $12 million and does not rely solely on its ICO success. The technology behind the project is a major factor drawing in investors.
🔺 The Multi-Chain Power of Best Wallet: With Best Wallet, you can control over a thousand coins and tokens, stake assets across various networks, and swap tokens using an in-built DEX enabling cross-chain trading. Its native token, BEST, powers ecosystem simplifying on-chain activities while improving security, making it one of the best cryptocurrency wallets in the bustling crypto market.
🔺 Token Staking Rewards: One of Best Wallet's intriguing features has investors excited – staking BEST tokens for a whopping 123% annual return.
🔺 Discover the Next Big Thing: Best Wallet's "Upcoming Tokens" section assists users in discovering promising early-stage projects, having already identified high-growth potential projects such as Pepe Unchained (PEPU) and Catslap (SLAP).
🔺 The BEST Wallet Trend: Interested fans should snap up BEST tokens promptly, as prices are expected to rise within approximately 35 hours.
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👉 Check Out Best Wallet Here 🔒
- The Ethereum price surge of 4% in the last 24 hours, going past $1,898, occurred against a backdrop of a successful Pectra upgrade and the crossing of the 50 and 200 SMAs, suggesting a bullish outlook in the finance and investing world.
- With Ethereum's price showing signs of a trend reversal, as it broke free from a defined falling wedge pattern, a potential golden cross forming (50 SMA crossing above the 200 SMA), and a RSI of 63.34 placing Ethereum in the bullish zone, the outlook for the cryptocurrency seems optimistic.
- Investors are increasingly drawn towards Best Wallet due to its multi-chain power, allowing control over a thousand coins and tokens, staking assets across various networks, and cross-chain trading. Adding to its allure is the intriguing feature of staking BEST tokens for a 123% annual return.
- As Ethereum's price hopes for a lofty upside target of approximately $2,760, potential resistance zones may exist around the $2,000 and $2,400 levels, while support could be found at $1,573 during any possible price dips. Meanwhile, a YouTube sensation, Austin Hilton, endorses Best Wallet, which has raised more than its initial fundraising goal and showcases promising technology that appeals to investors.
