Tuesday, September 26, 2023

Ethereum rises with 6%, will it break the $5K barrier?

The Ethereum price has risen more than 6 percent today, as the ETH price is now above $4,700. Sentiment around the currency is very positive. Does this mean that the biggest altcoin will break the psychological $5,000 barrier?

Ethereum could break the $5,000 barrier soon

The Ethereum price reached a low of $3,920 on November 26, but has since then started a nice recovery. The ETH price has risen to a high of $4,782 in the 5 days since. In particular, the break above USD 4,650 and the break above the 100-hour SMA is a positive sign for the altcoin.

For now, there is resistance around USD 4,775. After this, there is a somewhat larger resistance around USD 4,800. A price rise above this level could trigger a significant rally. It might even break the psychological $5,000 from this point.

Ethereum 5k barrier

However, if Ethereum fails to break through $4,800 in the near term, it could trigger a downside correction. For now, the first support is near $4,675. The real major support is at the USD 4,550 level. For now, the Ethereum charts look good and there seems to be a good chance that the altcoin will soon reach the $5,000 mark.

Donat - CryptoCoinia
Donat - CryptoCoinia
Copywriter at CryptoCoinia.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Name Price24H % Supply Volume Market Cap
bitcoin
Bitcoin
$26,324.00
0.860%
19,496,162.00 BTC
$10,157,602,956.00
$513,268,501,581.00
ethereum
Ethereum
$1,591.63
0.980%
120,229,870.90 ETH
$4,920,371,956.00
$191,379,586,088.00
usdex-stablecoin
USDEX
$1.07
-0.47%
103,350,611,249.42 USDEX
$127,433.00
$110,959,993,107.00
tether
Tether
$0.999
-0.04%
83,207,883,380.70 USDT
$15,425,484,769.00
$83,175,531,105.00
binancecoin
BNB
$211.52
1.32%
153,856,150.00 BNB
$328,057,498.00
$32,535,563,652.00
ripple
XRP
$0.502
0.670%
53,245,240,268.00 XRP
$853,271,950.00
$26,745,623,419.00
usd-coin
USDC
$1.000
-0.02%
25,647,725,091.92 USDC
$4,062,179,502.00
$25,640,781,539.00
staked-ether
Lido Staked Ether
$1,591.28
0.970%
8,728,322.80 STETH
$8,919,151.00
$13,890,288,297.00
cardano
Cardano
$0.246
0.550%
35,045,020,830.32 ADA
$120,286,401.00
$8,618,889,397.00
dogecoin
Dogecoin
$0.061
0.250%
141,161,206,383.71 DOGE
$122,079,575.00
$8,603,098,158.00
solana
Solana
$19.38
-0.20%
412,746,240.17 SOL
$196,412,817.00
$8,000,749,079.00
tron
TRON
$0.085
0.370%
89,114,090,950.54 TRX
$184,019,489.00
$7,531,390,859.00
the-open-network
Toncoin
$2.18
-1.03%
3,449,230,963.76 TON
$25,698,873.00
$7,523,967,464.00
wrapped-steth
Wrapped stETH
$1,864.88
0.380%
2,971,109.53 WSTETH
$67,787,638.00
$5,533,796,398.00
polkadot
Polkadot
$4.04
0.390%
1,278,711,194.03 DOT
$104,755,886.00
$5,171,172,419.00
matic-network
Polygon
$0.521
1.23%
9,319,469,069.28 MATIC
$146,593,635.00
$4,859,425,417.00
litecoin
Litecoin
$64.50
0.240%
73,694,826.98 LTC
$229,778,243.00
$4,753,424,688.00
shiba-inu
Shiba Inu
$0.00000700
-0.34%
589,329,430,134,844.75 SHIB
$71,900,727.00
$4,309,972,861.00
wrapped-bitcoin
Wrapped Bitcoin
$26,301.00
0.760%
162,874.87 WBTC
$58,556,786.00
$4,283,627,422.00
bitcoin-cash
Bitcoin Cash
$212.30
3.24%
19,514,737.40 BCH
$135,848,611.00
$4,144,786,405.00
dai
Dai
$0.999
-0.01%
3,823,880,365.53 DAI
$124,819,515.00
$3,821,630,486.00
leo-token
LEO Token
$3.79
1.55%
929,215,664.90 LEO
$176,183.00
$3,520,679,321.00
true-usd
TrueUSD
$0.998
-0.07%
3,510,823,600.69 TUSD
$130,176,910.00
$3,504,328,027.00
uniswap
Uniswap
$4.30
1.41%
753,766,667.00 UNI
$53,920,544.00
$3,237,751,729.00
avalanche-2
Avalanche
$8.99
2.17%
354,094,520.12 AVAX
$104,358,556.00
$3,182,768,165.00
stellar
Stellar
$0.112
-0.12%
27,707,608,147.75 XLM
$45,988,861.00
$3,105,019,316.00
monero
Monero
$144.72
0.390%
18,147,820.38 XMR
$46,298,416.00
$2,625,616,284.00
okb
OKB
$43.21
1.55%
60,000,000.00 OKB
$2,534,380.00
$2,592,856,267.00
aerarium-fi
Aerarium Fi
$7.15
-13.10%
348,838,065.26 AERA
$16,447.36
$2,491,330,137.00
binance-usd
BUSD
$1.000
0.0100%
2,343,984,865.35 BUSD
$1,147,897,193.00
$2,343,060,109.00
bscex
BSCEX
$237.31
0.490%
9,364,397.90 BSCX
$614,607.00
$2,222,232,750.00
ethereum-classic
Ethereum Classic
$15.19
0.290%
143,202,119.75 ETC
$52,001,035.00
$2,175,127,226.00
cosmos
Cosmos Hub
$7.05
1.18%
292,586,163.83 ATOM
$64,173,080.00
$2,063,848,490.00
hedera-hashgraph
Hedera
$0.050
0.410%
33,358,054,753.96 HBAR
$26,335,095.00
$1,672,006,275.00
filecoin
Filecoin
$3.21
0.170%
450,867,890.00 FIL
$47,577,773.00
$1,447,968,901.00
ggtkn
GGTKN
$0.112
0.880%
12,726,273,000.00 GGTKN
$288,194.00
$1,443,859,657.00
internet-computer
Internet Computer
$2.98
1.75%
445,217,742.79 ICP
$13,589,584.00
$1,326,718,274.00
crypto-com-chain
Cronos
$0.050
0.020%
26,287,146,594.31 CRO
$4,678,623.00
$1,326,383,814.00
lido-dao
Lido DAO
$1.48
0.780%
889,855,131.80 LDO
$17,455,748.00
$1,320,078,186.00
aptos
Aptos
$5.51
1.38%
237,012,070.23 APT
$128,087,749.00
$1,309,187,820.00
humans-ai
Humans.ai
$0.026
-11.56%
0.00 HEART
$400,426.00
$1,309,127,902.00
quant-network
Quant
$87.76
-0.72%
14,544,176.16 QNT
$14,417,524.00
$1,276,314,608.00
mantle
Mantle
$0.392
-0.10%
3,234,382,070.76 MNT
$19,031,399.00
$1,266,740,042.00
vechain
VeChain
$0.017
0.300%
72,714,516,834.00 VET
$31,299,672.00
$1,208,271,931.00
maker
Maker
$1,339.96
4.61%
901,310.95 MKR
$64,159,344.00
$1,207,437,627.00
arbitrum
Arbitrum
$0.818
1.02%
1,275,000,000.00 ARB
$67,777,974.00
$1,043,155,630.00
near
NEAR Protocol
$1.10
-0.39%
941,671,517.69 NEAR
$27,768,678.00
$1,035,771,757.00
optimism
Optimism
$1.27
0.410%
798,517,235.00 OP
$57,703,065.00
$1,011,152,032.00
edgecoin-2
Edgecoin
$1.000
-0.03%
1,000,000,000.00 EDGT
$5,625,999.00
$1,000,324,003.00