The bull market is still prevailing in the crypto market. The market movers Bitcoin and Ethereum (ETH) are driving the 2.6% increase in the developing financial market over the last day.
Due to its adaptable design, the leading smart contract network has served as a pillar of the fast expanding decentralized finance (DeFi) ecosystem with a variety of use cases.
The great attractiveness of a decentralized economy has led many investors to see ETH as a potential asset thus far.
Given its prior bull run to $5,000, is this a good time to invest in ETH? This is supported by the current bull run.
Following a bullish trend, ETH is aiming for $2,000
The price of Ethereum is $1,868.06 at the time of publication, up 3.55% from the previous day.
This value-oriented currency has been on a strong upward trend, with gains of 8.5% over the previous week, 6.9% over the past 14 days, and 18.9% over the past month.
As a result of this upward trend, the 24-hour trade volume has surpassed $10 billion, indicating an ongoing upswing.
Technical indicators for ETH continue to reflect the asset’s sustained uptrend. The asset’s current price is higher above both its 200-day SMA and 50-day SMA values of $1762.50 and $1604, respectively.
Other technical indicators are likewise in line with the current upsurge in value. The bullish trend is still going strong, breaking past the 78.6% Fibonacci retracement value of 1759.31 and moving closer to the anticipated $2000 mark.
Investors are profiting from the price of ETH as it overcomes its recent barrier and approaches the $2,000 price level.
The asset is still underbought, as seen by the relative strength index (RSI), which increased from 43.10 last week to 62.49 today. Though it is now lagging behind and is near the overbought area.
Similar to the MACD, the MACD is neutral and has the potential to move into or out of the sell zone.
Investors will probably purchase additional ETH assets, nevertheless, as long as the increase continues, in order to prevent overbought conditions.
New Shapella Upgrade Announced by Ethereum
The Shapella update is prepared for activation on the mainnet following a seamless Goerli changeover. The update was decided upon at the conclusion of the April 12th AllCoreDevs Execution Layer conference.
With this improvement, validators can transfer their stake from the beacon chain to the execution layer, which comes after The Merge.
Shapella integrates changes to both the consensus layer and the execution layer (Shanghai). The Engine API, which the execution and consensus levels utilize to communicate, is modified as part of the update as well.
Investors should anticipate a sharp increase in price from the existing value once this update is put into place.
Investigate LHINU and METRO for Profits
In the cryptocurrency world, Ethereum is well-known. Altcoins with solid fundamentals that are expected to climb, however, may be of interest to investors hoping for rapid returns.
Even though some of these alternative currencies are still in the presale phase, if they are listed on centralized exchanges, they might possibly generate huge profits.
The cryptocurrency $LHINU from Love Hate Inu is one example. Just a few weeks after its launch, the digital asset received a ton of investor support, garnering more than $2.81 million in its presale.
Love Hate Inu’s fast growth has earned it the moniker « Dogecoin destroyer » The fact that it has amassed over 32,000 followers on Twitter in a short period of time attests to this.
With the help of real-world use cases and the attractiveness of meme coins like Dogecoin, the vote-to-earn (V2E) initiative hopes to upend the conventional survey sector.
Users may vote on hot subjects on the platform and get rewards for doing so. The method is tamper-proof and impartial thanks to the Ethereum blockchain foundation.
By using ETH, BNB, or USDT, investors may purchase the token at the time of publication for $0.000095.
Another cryptocurrency with strong return potential is the $METRO token issued by Metropoly.
By developing a decentralized non-fungible token (NFT) marketplace supported by real estate assets, Metropoly seeks to transform the multi-trillion dollar real estate sector.
With just $100, anybody can quickly invest in properties that generate revenue thanks to the cutting-edge platform’s use of blockchain-based technologies.
The price of a METRO token is $0.0769 at the time of publication. More than 2,500 people have contributed to the project’s $1.12 million fundraising total.
