Ethereum recorded course leap: Technical signals indicate further increase
The cryptom market experienced a real liberation yesterday after Bitcoin and many old coins had gone through a weak phase in the past few days. Ethereum (ETH) in particular was able to convince with a significant increase in price. The second largest cryptocurrency, which has had to survive several phases of weakness in the past two years, now shows signs of a sustainable turnaround.
Technical analysis signals Bullishes scenario
Ethereum had already made an impressive rally of more than 40 percent in May before the course entered a consolidation phase in the past two weeks. During this phase, ETH tested an important support zone several times – the EMA 200. This important, sliding average has high attention in the technical analysis, and the course of the course on this line is a strong bullish signal if the course notes above this brand.
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The successful holding of the EMA 200 and yesterday's powerful upward movement are extremely positive signals in the medium term. Market observers see signs that investors are currently increasing capital into the second largest cryptocurrency, which is also confirmed by the inflows of the Ethereum-Spot ETFs. The next price goal is the annual high of $ 4,100, which would correspond to a further increase of around 53 percent.
Possible upward trend for the coming weeks
The current technical image of Ethereum indicates a possible continuation of the positive course development. After ETH has increased more than Bitcoin in the last 24 hours, this relative strength could be an indicator of the coming weeks. For Ethereum, the days of correction seem to be over for the time being.
While many investors at Ethereum hope for further price gains, some investors aim at even higher returns. Despite the positive prospects for Ethereum, experienced crypto investors are therefore looking for alternatives with possibly even greater growth potential. Solaxy (Solx) is such an alternative that currently receives a lot of attention in the community.
Solaxy Presale: First Layer 2 solution for Solana is approaching the end
Solaxy positions itself as the first Layer 2 solution for the Solana blockchain and promises not only to improve the speed and cost efficiency of transactions, but above all increase the stability of the network. Especially in times of high occupancy, Solana had to fight broken transactions and downtime in the past – a problem that Solaxy wants to fix.
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The native token Solx is currently available in advance, which has already brought in over $ 46 million and is therefore one of the most successful ICOs in crypto history. Because of the enormous demand, market analysts predict that Solaxy could quickly rise to a billion dollar project, which would potentially give high returns. However, interested parties should note that the advance sale ends in a few days before the stock market listing takes place – which could significantly increase the entry price.
Directly to the Solaxy website
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