FxWirePro- Ethereum Daily Outlook

ETH prices showed a minor sell-off after hitting a multi-week high. It holds above the long-term and short-term moving average of $1786 (200-day EMA). ETHUSD was the best performer in the past three months following the footsteps of Bitcoin. Investors eye Cancuns upgrade in the first half of 2024. Ethereum Cancun upgrade is expected to improve faster transactions, lower transaction costs, and optimize data management. It hit a high of $2403 and is currently trading around $2254. The bullish invalidation can happen if the pair closes below $1870. On the lower side, the...

source: https://tokenpost.com/FxWirePro-Ethereum-Daily-Outlook-10946

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