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The Ethereum price edged up a fraction of a percent in the last 24 hours to trade at $2,472 as of 03:29 a.m. EST on trading volume that surged 19% to $14.65 billion.
This comes as 21Shares tells CoinTelegraph that Ethereum has the same exponential potential as retail titan Amazon did in the 1990s before it became a $2 trillion colossus.
The fund manager said Ethereum could also surprise investors with new “revolutionary use cases” that have not yet been discovered.
Ethereum Price Aims For A Sustained Rally
The Ethereum price has been trading on an ascending triangle pattern since August, as the bulls encountered resistance within the $2,725 level, according to data from GeckoTerminal.
However, the price still remains below both the 50-day and 200-day Simple Moving Averages (SMAs), with the 50-day SMA acting as the immediate resistance at $2,527.
The Relative Strength Index (RSI) is moving within the neutral zone at 45, which shows that ETH price is currently in equilibrium, with a potential to soar.
If the bulls sustain the bullish trend within the triangle, the price of Ethereum could continue soaring, as the bulls target prices above $3,200 in the long term.
Conversely, if the price drops below the triangle, the $2,250 acts as the next possible support level.
Meanwhile, investors looking for the crypto GambleFi equivalent of Ethereum might take a look at a new crypto casino project called Memebet Casino (MEMEBET Token).
YouTube channel Cryptonews, with over 10k subscribers, says that $MEMEBET Token could soar 100x after it launches.
Memebet Token Surpasses $563K – Best Crypto To Buy Now?
Memebet Casino is a breakthrough project that is the first platform to allow meme coins to be used for wagering.
The platform features a variety of casino games, meme coin betting options, high-stakes play, and a sportsbook where users can bet using Dogecoin ($DOGE), Shiba Inu ($SHIB), Pepe ($PEPE), Bonk ($BONK) and Floki ($FLOKI). And the team has hinted at a major expansion to the meme coin roster.
Not the casino we deserve but the casino we need 🎰 #MemeBet #Presale & #Airdrop coming soon! 🚀 #Memecoins, #Crypto gaming and more! 🎮🏆 $COIN $DOG $PEPE #SOL #RNDR pic.twitter.com/oR2xja6JFK
— MemeBet (@Memebetcasino) May 23, 2024
By buying MEMEBET Token itself, players can unlock massive P2E airdrop giveaways, special degen rewards, and exclusive VIP benefits.
Players who wager using $MEMEBET Token earn additional rewards through the platform’s play-to-earn system.
To join the presale, you can buy $MEMEBET Token on the official website here for $0.0264 using USDT, ETH, or a bank card. With a price hike coming in less than 4 days, buy soon to lock in the best deal.
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