Contents A major resistance level Major headwinds The price of Ethereum, the second-largest cryptocurrency, has surged more than 6% over the past 24
Bitcoin Ethereum
Ethereum (ETH) Pagdurog ng Bitcoin (BTC) na may 6% Price Spike
Nilalaman
Isang pangunahing antas ng paglaban
Major headwinds
Ang presyo ng Ethereum, the second-largest cryptocurrency, has surged more than 6% over the past 24 hours.
ETH is currently trading at $3,320 on major spot exchanges, according to data provided by CoinGecko.
Bitcoins dominance is currently sitting slightly above the 50% level.
The ETH/BTC pair is currency sitting at 0.051 BTC after peaking at 0.052 BTC earlier today. The pair is now up nearly 13% over the past two weeks alone. However, the pair is still down 15% from its 2024 peak of 0.061 BTC that was achieved on Jan. 12.
Isang pangunahing antas ng paglaban
According to the 100eyes Crypto Scanner account, the second-largest cryptocurrency has now approached a key horizontal resistance at the $3,300 level.
The largest altcoin came close to surpassing this resistance level on Apr. 24. However, this attempt resulted in a significant correction.
Major headwinds
Ethereums price recovery came despite the fact that Consensys, the key backer of the second-largest cryptocurrency network, recently mademanda the U.S. Securities and Exchange Commission after receiving a Wells notice from the regulator.
The SEC wants to expand its jurisdiction by classifying the flagship altcoin as a security, the firm alleges.
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