Ethereum (ETH) is up 0.5% on Wednesday and aims to tackle the $2,817 resistance in the coming days as the US elections draws closer.
Ethereum price today: $2,680 Ethereum could see its burn rate increase again if demand for L2s grows. Bitwise CIO says Ethereum rally is more likely than Bitcoin's if Donald Trump wins the US presidential election. Ethereum could test its yearly high resistance of $4,093 if it flips $2,817 into a support level. Ethereum is up 0.5% on Wednesday and aims to tackle the $2,817 resistance in the coming days as the US elections draws closer.
Ethereum Price Forecast: ETH could test yearly high resistance if it reclaims $2,817 key level Ethereum is trading near $2,680, up 0.5% on the day following $25.77 million in ETH futures liquidations. Long and short liquidations accounted for $12.28 million and $13.49 million, respectively. ETH has crossed above its 200-day Simple Moving Average and is trending toward a key rectangle channel's $2,817 resistance level.
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