Ethereum (ETH) 
$2,627.60On the morning of July 10, the four -week horizontal movement ended the threshold of 2 thousand 700 dollars and as of the moment it is priced above the threshold of 2 thousand 800 dollars. The largest Altcoin, which rose by 6.2 percent in the last 24 hours, with this performance 
$109,122.26 He left behind many large crypto money, including. Analysts say that price mobility in ETH Coin can fire a new Altcoin rally.
Technical signals that stand out for Ethereum
2 thousand 484,51 dollars at the beginning of the month Eth17.04 percent in July with an increase of value. 6.2 percent leap in the daily Bitcoin’in 2.2 percent rise to three. In Chicago Mercantile Exchange, the open position in Ethereum futures increased to $ 3.27 billion and has seen the highest level since February 2. Spot Ethereum ETFThe fact that the net entrance for eight weeks in a row for eight weeks reveals that corporate investors are turning to ETH through regulated products.
In the technical table, the price settled on 50, 100 and 200 -day moving averages. 2 thousand 650–2 thousand 750 dollars band is now in support. Although the relative power index (RSI) shows that the procurement pressure continues with 66.71, the volume -free zone between the range of 3 thousand – 3 thousand 300 dollars can cover with strong profit purchases.
How close are we to the Altcoin season?
Market research company Swissblockthe next 72 hours will be decisive in his opinion. If ETH protects the acceleration it caught and continues to strengthen against Bitcoin, it has not been seen since 2021 Altcoin market superiority can be confirmed. In such a scenario, it can be expected to accelerate capital flow towards medium -sized subcoins and start a subcoin season.
If ETH CoinIf the price hangs below $ 2 thousand 750 dollars, the acceleration of the rise may weaken. Analysts emphasize that 2 thousand 375 dollars will be the first important support in a possible withdrawal, otherwise the price can be trapped on a horizontal band that may last long. Volume purchases for the protection of the rise trend and the daily closures of over 2 thousand 795 dollars are critical.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
