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Gate Square New & Returning Creator Rewards are ongoing!
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Bitcoin's price remains above $71,000, driving gains in the cryptocurrency market, with Ethereum (ETH) following suit by increasing 2% in the last 24 hours and boasting a trading volume of $14.28 billion. ETH has moved beyond its recent trading range of $3,020 to $3,400, maintaining above the crucial support level of $3,730. Over the past 24 hours, ETH rose by 1.47%, adding to its 2.18% gain over the past week and a 21.27% rise in the last 30 days, marking a 68.58% increase since the start of the year. Technical indicators such as the Simple Moving Average (SMA) and Relative Strength Index (RSI) point to a continued bullish trend. If this momentum persists, ETH could test $4,094 and potentially reach $4,500. However, a fall below $3,730 could see it testing support levels below $3,400.
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