Ethereum (ETH) Consolidates, A Close Above $1.7k Critical for Bulls
Ethereum is solid at spot rates. However, a definitive close above $1.7k and November highs is critical for optimistic buyers.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It was created by Vitalik Buterin in 2013 as a way to expand the functionality of blockchain technology.
Ethereum’s native cryptocurrency, Ether (ETH), is used to pay for transaction fees and computational services on the network. Ethereum’s smart contract functionality allows developers to create self-executing contracts that can automate complex transactions and operations, such as the transfer of assets, voting systems, and more. Ethereum’s flexibility and community support have made it a popular choice for building decentralized applications and other blockchain-based projects.
Ethereum is solid at spot rates. However, a definitive close above $1.7k and November highs is critical for optimistic buyers.
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Ethereum is firm, adding 10 percent in the last trading week. As it is, buyers are setting sights at $1.7k but first need to break $1.35k
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