Ethereum Breaks Above $2000 After Ripple Ruling. Can Top Crypto Coin Return To Its Heights?

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In a display of strength, Ethereum (ETH) has witnessed a significant surge in its price. This upward movement comes after a decision was made by a U.S. federal judge, declaring that XRP should not be categorized as a security in specific contexts.

The favorable outcome revitalized Ripple’s token and left a notable impact on Ethereum. As a result of this development, Ethereum has achieved its highest value in over two months, crossing the $2,000 milestone. Such a performance has reignited discussions and speculation about whether Ethereum can potentially reclaim its previous market heights.

As of 01:00 EST, the price of Ethereum is trading at $2,008, reflecting a 7.76% increase in the last 24 hours. Over the past week, Ethereum has witnessed an equally impressive price rise of 8.40%, cementing its position as a major player in the cryptocurrency realm.

The surge in Ethereum’s price has been accompanied by a surge in trading volume, with $19.6 million traded in the past 24 hours. This signifies growing investor interest and confidence in the cryptocurrency.

ETH Price Breaks $2000 Resistance, Follows Inverted Shoulder-Head-Shoulder Pattern

ETHUSD Price Chart Analysis. Source: Tradingview.com 14/7/2023 — ETHUSD Price Chart Analysis. Source: Tradingview.com

The price of ETH has successfully surpassed the important resistance level of $2,000 and is currently following a lower bullish trendline with three consecutive lower lows.

Additionally, forming an inverted shoulder-head-shoulder pattern suggests that the bulls have gained control over the price. Traders often use the depth of the head in this pattern to estimate the potential height that the price might reach.

If the bulls maintain the momentum, we should see the price reach a $2,400 high.

Moreover, the bullish momentum of ETH is supported by the fact that the uptrend line has been touched three times at the bottom, indicating a strong upward movement in the price.

ETH Price Gains Bullish Momentum with Established Upward Channel

ETHUSD Indicator Analysis. Source: Tradingview.com 14/7/2023 — ETHUSD Indicator Analysis. Source: Tradingview.com

The ETH bulls have successfully established an upward channel, marked by two higher highs and three higher lows. The current price shows a bullish trajectory from its low of $1,652.

The bulls are currently driving the price towards the up-trend line of the channel, aiming to form a higher high at $2,435. If the price breaks above the channel, it will further confirm the bullish momentum, potentially leading the bulls to target the $3,000 resistance level.

Moreover, it is important to highlight that ETH is currently trading above both the 50-day and 200-day moving averages, indicating a generally bullish sentiment in the market.

Additionally, the 50-day moving average serves as a support level for the ETH price within the upward channel, while the 200-day moving average acts as support around the $1,652 mark along the lower up-trend line of the channel.

Furthermore, the relative strength index (RSI) shows a bullish sentiment, trading close to the overbought region at a value of 65 (with the overbought threshold typically set at 70). This situation presents an opportunity for the bulls to drive the price into the overbought region and potentially extend the bullish momentum.

Ecoterra is offering a great opportunity for investors. Having ended its presale 48 hrs ago, Ecoterra is poised to be listed on exchanges today, July 14, giving investors access to buy as much at a lower price for massive returns.

Ecoterra ($ECOTERRA) Listing on Major Exchanges at 10:00 UTC

The presale phase of Ecoterra concluded about 48 hrs ago, leaving environmentally-conscious crypto investors who missed out with no option but to patiently await the token’s listing on major centralized and decentralized exchanges. This listing process has the potential to drive up token prices.

The presale has ended, what's next for ecoterra? 🌱🚀

The $ECOTERRA token will be listing on @BitmartExchange, @LBank_Exchange, and @UniSwap TOMORROW 💚

⏰ Time: 10:00 UTC
🔗 Claim at: https://t.co/yoz7OF0K1a

Get ready to claim your tokens and start trading. Don't miss out! 💫 pic.twitter.com/OQ5mzlMGwf

— ecoterra (@ecoterraio) July 13, 2023

$ECOTERRA is set to be listed on LBank, and BitMart at 10:00 UTC today, July 14, with only a few hours left until this event. This listing on reputable exchanges opens up new opportunities for investors to actively engage with the project and support its environmentally focused mission.

Following the listing, presale investors can claim their pre-purchased $ECOTERRA tokens, which will also be tradable on Uniswap, the largest decentralized exchange.

Market analysts predict significant upside potential for $ECOTERRA once it is listed on exchanges, considering the successful presale that raised $6.28 million and the project’s compelling value proposition.

Hey, ecoterra fam!

Here’s everything you need to know to Claim and Trade your $ECOTERRA tokens!

🔥Claim and Trade opens: 10:00 UTC, 14/07/2023

(1/3🧵) pic.twitter.com/puCG8YRBYB

— ecoterra (@ecoterraio) July 13, 2023

$ECOTERRA: Multi-Utility Token Powering Ecoterra’s Ecosystem and Unlocking Exclusive Benefits

As the core utility token of Ecoterra’s innovative platform, $ECOTERRA offers its holders a wide array of built-in functionalities and exciting opportunities. Beyond its role as a medium of exchange, holding $ECOTERRA grants users exclusive benefits, creating an ecosystem that rewards and empowers environmentally-conscious individuals.

One of the notable benefits of holding $ECOTERRA is gaining VIP access to real-world events, educational programs, and other exclusive experiences. This gives token holders unique opportunities to network, learn, and participate in sustainability initiatives.

🌿🌍 Join ecoterra to make a positive impact on the environment! Our solution includes:

📲 Mobile app for easy recycling
💎 #Token rewards for eco-friendly actions
🌱 Green education platform
♻️ Carbon credit #NFTs for offsetting emissions

Let's build a greener future! 💚 pic.twitter.com/CEe8H4dhfW

— ecoterra (@ecoterraio) July 13, 2023

Looking towards the future, the development team at Ecoterra has plans to introduce a staking protocol for $ECOTERRA, the Recycle-to-Earn (R2E) platform, inviting users to sign up and participate actively.

This staking feature will enable token holders to passively generate income from their holdings, adding an extra incentive for long-term investors to retain and stake their $ECOTERRA tokens.

With its multi-utility nature and the promise of future income generation, $ECOTERRA establishes itself as a versatile and valuable asset within Ecoterra’s ecosystem. By holding and utilizing $ECOTERRA, users actively contribute to the platform’s sustainability mission and are rewarded for their commitment to a greener future.

The just concluded presale funding of its native $ECOTERRA tokens served the purpose of its development.

$ECOTERRA’s Potential Growth and Market Cap Projections

$ECOTERRA, a crypto with a maximum token supply of 2 billion, ended its presale at $0.01 and has an implied fully diluted market cap of $20 million. According to Jacob Crypto Bury, a well-known British crypto presale analyst, there is optimism regarding $ECOTERRA’s prospects, suggesting the possibility of a 100x increase in value upon its launch on various cryptocurrency exchanges later this year.

The cryptocurrency’s market cap could reach $200 million if such growth occurs. Furthermore, if $ECOTERRA establishes itself as a leading green project within the web3 ecosystem, there is potential for a market cap in the multi-billion dollar range in the coming years.

Ecoterra’s listing price on exchanges will be $0.12.