Ethereum Price Prediction As Donald Trump Holds $5.38M ETH And Experts Say Consider Buying This Other Crypto Offering 639% APY
The Ethereum price rose 5% in the last 24 hours to trade at $3,597 as of 02:15 a.m. EST on trading volume that climbed 2% to $42.40 billion. This comes amid reports that Donald Trump, the US president-elect, holds a total of $7.1 million in crypto, with Ethereum being his top holding. Trump holds a total of $5.38 million worth of ETH. Ethereum Price On A Sustained Bullish Rally The ETH/USD chart on the 4-hour timeframe shows an overall uptrend over recent weeks. The Ethereum price is forming a bullish rising channel, with higher highs and higher lows, indicating strong upward momentum. K ey levels of interest include the support trendline (lower boundary of the channel) and the resistance trendline (upper boundary of the channel), according to data from GeckoTerminal . ETH price has maintained its trend above the 50-day and 200-day Simple Moving Averages (SMAs), which shows that the Ethereum price is maintaining the bullish trend. Meanwhile, the Relative Strength Index (RSI)...