Join Our Telegram channel to stay up to date on breaking news coverage
The Ethereum price has surged 2% in the last 24 hours to trade at $2,208 as of 5:30 a.m. EST, as its trading volume jumped 15% to $25 billion.
Ryan Sean Adams, a prominent figure in the cryptocurrency space and co-founder of Bankless, asserts that Ethereum’s ability to maintain a price level of around $2,200 is a comically undervalued situation.
Someone has to say it.
ETH price at $2.2k is hilarious.
Everyone out here trading "what ifs" this cycle when Ethereum has fundamentals.
Let my tell you why $2.2k ETH is stooopid.
Ethereum now makes $2.7 billion in annualized profits – the only profitable chain – a P/E ratio…
— RYAN SΞAN ADAMS – rsa.eth 🦄 (@RyanSAdams) December 4, 2023
He supports this claim by pointing to the increased profitability, growing adoption, and investment merits of Ethereum. According to Adams, Ethereum is still in the early stages of its bullish cycle.
Ethereum Price Breaks Above $2,150 Hurdle
The Ethereum price has experienced a resurgence, bouncing back from the 50-day Simple Moving Average (SMA) and finding support at the $1,782 level. Despite encountering resistance at $2,150, bulls seem resilient as they drive higher prices.
The price trades above the 50-day and 200-day simple moving averages, affirming the prevailing bullish sentiment and establishing short-term support.
The Relative Strength Index (RSI) is trending upward, rebounding from 54 to 66, indicating intense buying pressure.
Ethereum Price: ETH Bulls May Be Targeting $2,500
The prevailing sentiment for Ethereum is highly optimistic, anticipating that the bullish momentum will persist and pave the way for additional upward movements.
The target is set at a potential peak of $2,500.
Should bears disrupt the bullish momentum, the price may drop, potentially retracing to the support zone at $2,150. A breach below this level could escalate selling pressure, leading to a further decline targeting the critical support level at the $1,928 support zone.
Meanwhile, TG.Casino is making waves in the gambling industry through its presale project and staking feature.
TG.Casino Presale Stage Ends In Less Than Two Days, Act Fast
TG.Casino (TGC) has achieved a remarkable $3.3 million in its presale, swiftly approaching its $5 million target.
As an investor, you have less than two days to take advantage of the current discounted price of $0.175 per $TGC token before the presale rate increases in the next stage.
We have passed $3.3 million raised in the $TGC presale💫
Let's GOOOOOO! 5 million awaits🎰 pic.twitter.com/EZgqv2ZZFV
— TG Casino (@TGCasino_) December 3, 2023
TG.Casino’s online gambling platform offers unique features designed for convenience. You can participate through your Telegram account and cryptocurrency; there’s no need for the Know Your Customer (KYC) process.
The platform also holds a Curaçao license and is verified by Assure DeF, establishing credibility in cryptocurrency gaming.
Get TGC, Earn Rewards, Win In Airdrop Competition
The TG.Casino presale is ending soon, giving you one final opportunity to purchase their official launch.
Token holders qualify for a newly launched airdrop event that distributes 16 million tokens. Engaging in token staking unveils a remarkable annual percentage yield (APY) of 174%. Owning TGC tokens also comes with extra benefits, including access to exclusive NFTs and rewards for presale investors who have invested $5,000 or more.
https://Twitter.com/TGCasino_/status/1726605371891204340?s=20
In a recent YouTube video, the Crytonews channel provided an in-depth review of TG.Casino emphasizes its promising presale opportunity and suggests the potential for remarkable 10x returns. This endorsement further strengthens the growing consensus that early TGC buyers stand to experience substantial gains.
To acquire TGC tokens, visit the TG.Casino website and use ETH, BNB, or USDT to swap for TGC.
Related News
- El Salvador President Nayib Bukele Lashes Out At Critics As Nation’s $131 Million Bitcoin Investment Turns A Profit
- Bitcoin Price Prediction: Bloomberg Sees BTC Heading To $500K In New Crypto Supercycle That Would Send This Bitcoin ETF-Themed Coin Into
Newest Meme Coin ICO - Wall Street Pepe
- Audited By Coinsult
- Early Access Presale Round
- Private Trading Alpha For $WEPE Army
- Staking Pool - High Dynamic APY
Join Our Telegram channel to stay up to date on breaking news coverage
