The price of Ethereum maintains the upward trend, as the main standards indicate strong growth
The Ethereum price increased for the third day in a row on Friday, reflecting the direction of the broader market and choosing the sermon from Market Belweether, Bitcoin. ETH increased by 2.6 % and traded at $ 2,812 at the time of writing this report, and the first rally recorded for three days in a row since the end of January. The trading volume increased 24 hours in the currency by 23 %, indicating the potential continuation of the upper part.
Ethereum price shows a stronger momentum than BTC
The market leader, Bitcoin, set a tone for the rest of the encryption assets because it exceeded the mark of $ 99,000 for the first time in two weeks. ETHEREUM has outperformed Bitcoin in the immediate ETF market, where positive positive flows have been recorded in three of the last five trading sessions. In Contracted, Etfs Spot BTC has re -external flows in four of the last five sessions.
Elsewhere, the ETHEREUM Chain’s Defi’s Defi activity was chosen last week, with TVL growth by 2.37 % during that period. Moreover, the series witnessed that TVL grows by 1.49 % to $ 59.68 billion in the past 24 hours. This indicates an increase in the interest of ETH, and this trend will support the gains made by Etherum Price in the coming days.
In addition, ETHEREUM recorded 4.18 % growth in the 24 -hour open interest value that precedes this writing to $ 13.1 billion. This, also, adds credibility to the potential continuing in the upward direction at the ETH price.
ETH price expectations
The price of ETH is likely to remain above $ 2,780, with the FIRT barrier of $ 2,850. Fractures this level with promoting upward momentum and possibly the second resistance test at $ 2900.
On the other hand, the momentum turns to the negative side if the price decreases to less than $ 2,780. If this happens, PRICE ETAREUM is likely to slip into the first support at $ 2,735. It will break the strongest momentum to less than this level and nullify the bullish narration. In addition, momentum can scan the path to the second support test at $ 2,690.
