Ethereum Price Spikes as Lightchain AI Bonus Stage Nears Its End

Ethereum showed an upward momentum over the past week, as it recorded great price movements in three -day seizures. Here is how Ethereum price has evolved:

• The price range: 2,770 dollars – 2,780 dollars
• on June 12Ethereum tests 2850 dollars, which is a basic psychological and artistic standard. ETH briefly pushed this level on June 11, causing hopes to collapse towards a scale of $ 3400.
• June 11 SEN ETH climbs over $ 2,820 and hit its highest levels during a day 2,880 dollars before the simple decline. This step strengthened the bullish novel.
• on June 10Ethereum closed at $ 2772, with the highest levels of $ 2,877 and generally at $ 2,745, offering a large movement in a narrow range.

• June 9 The turning point was characterized by ETHEREMM to $ 2,815, up from the opening price of $ 2,680. It reached a peak of $ 2,825 during the day, indicating a strong demand.
• on June 8The ETH was closed at $ 2,680 after climbing it from $ 2509, as it touches the levels of $ 2,693. The upper momentum was clearly constructive.
• June 7 Nearly 2,509 dollars recorded, with a relatively defeated movement as ETHEREM was united around the level of $ 2,500.

• on June 6Ethereum closed at $ 2524, marginally from its opening at $ 2476. Today he witnessed higher fluctuations, with movements ranging between $ 2,457 and $ 2541.
• June 5 It was one of the attempts to exit from monotheism, as ETH was closed with $ 2,475 after trading between $ 2,385 and $ 2,528.
• on June 4Ethereum closed at $ 2414 after the opening price of $ 2,607, as the sale pressure appeared near the local high levels of $ 2,640.

The strong performance of ETHEREUM stems from multiple and micro -micro -micro factors that affect investor morale and market activity. Here is a closer look

Approval of the money traded in ETHEREUM (ETFS) in the United States has pushed institutional flows to ETHEREM investment products. Over the past seven weeks, more than $ 1.5 billion has flown to funds focusing on ETHEREUM, which enhances prices and indicates a serious long -term benefit.

Data shows a significant increase in flows to “accumulation addresses”, which are governorates that are historically acquired ETH without sale. This indicates that long -term holders are confident in Ethereum expectations, which increases the tightening of the available supply and support for price growth.

Ethereum has recently erupted from a prolonged monotheism, which constitutes a triangular style that historically indicates upward momentum. ETHEREUM level breach sets to test $ 2,850 and may rise about 3400 dollars.

The futures market market tells another rising story. The open interest of the future contracts for ETHEREUM (the total number of suspended contracts) has achieved new levels at all, highlighting the increase in leverage and confidence in the estimation of ETH prices.

ETHEREUM outperformed Bitcoin performance on recent trading sessions. Historically, ETH surpasses BTC often indicates the beginning of the “Altcoin season”, making it a suitable time for investors to diversify to alternative encryption assets.

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This article is for media purposes only and does not provide financial advice. The cryptocurrency currencies are very volatile, and the market can be unexpected. Always make a comprehensive search before making any decisions related to the cryptocurrency.