$4100.00 the next big target, Second leading gaining its respect

Updated

$4100.00 the next big target, Second leading Coin is gaining its respect and may it will reach. The second leading coin is in the way to reach 41k again and it will continue its little bit in the downtrend to reach near 27k, this can be the Good support to move the price of the coin again in the bullish direction to reach my target 41000.00 and I am also hoping that the Ethereum will gain some records, the Ethereum will break the previous records.

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Ethereum (ETH/USD) forecast for April 22, 2024:

Current Price: Ethereum price (ETH/USD) is currently at $3,051.21.
Recent Performance:
1-Hour Change: Ethereum has declined by 1.6% in the last hour.
24-Hour Change: The price of Ethereum decreased by 0.8% over the past 24 hours.
7-Day Change: Compared to its value 7 days ago, Ethereum is 5.2% lower today.
Historical Prices (Last 7 Days):
On April 15, 2024 (Monday), Ethereum was priced at $3,157.68.
The highest price during this period was $3,245.50 on April 13, 2024 (Saturday), while the lowest was $2,982.62 on April 18, 2024 (Thursday).

Technical Analysis:
Ethereum formed a large bullish engulfing candle on its daily chart on Monday, recovering from a weaker start to close above the key $4,000 level. The recent range completely engulfed price action since Thursday, suggesting potential strength.

With the $4,000 resistance broken, any weakness today could be faded as price tests this former resistance and psychological level.

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LIKE👍, COMMENT 💬 & FOLLOW ➕, these figures can encourage me to analyze more efficiently for you. My all followers are requested to support me, comment my ideas and share your thoughts in comment box and new comers are invited to follow and support me.

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Ether futures ETFs are investment funds that track Ethereum futures contracts, not Ethereum itself.

Consider a contract that commits to purchasing Ethereum at a specific price at a future time. These derivative contracts are traded via Ether (ETH) futures exchange-traded funds (ETFs), providing a regulated method of investing in Ethereum using a brokerage account.

In 2021, the first Ether futures ETFs were introduced in Canada. Although futures-based ETFs have been approved, the United States Securities and Exchange Commission (SEC) has not yet approved a spot Ether ETF in the country.

Asset management companies oversee Ether futures ETFs. The major issuers offering Ether futures ETFs are Bitwise, VanEck and ProShares. These firms take care of the complexities involved in purchasing and disposing of futures contracts, controlling rollovers to preserve exposure and ensuring the ETF complies with legal requirements.

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Trade closed manually

Trade closed: target reached

Ali_Explorer

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