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Ethereum has surged in value to $1,950, marking a 1.7% increase over the past 24 hours after a prolonged bearish trend. This upward movement has propelled Ethereum’s market capitalization to $235,764,093,960. So far this year, Ethereum had a substantial transformation, experiencing a growth rate of 64.73%.
The recent price surge of Ethereum can be attributed to the imminent completion of the Coinbase Layer-2 project. The project has successfully ticked all security checks and it’s now slated for mainnet launch.
ETH Price Inverted Shoulder Head Shoulder Pattern Bullish Confirmation
ETH’s price continues to surge in the wake of the first week of July. In the last 24 hours, ETH has had a 1.7% increase in price, shooting to $1,950 at the time of writing. This hike can be confirmed by the formation of higher highs and higher lows, which suggest that the price will continue the surge.
The higher lows mainly act as support levels, while the higher highs act as resistance levels. In this case, the last higher low is at $1,820, showing a bounce in the ETH price leading to a further surge upwards.
The higher low has also helped form the last shoulder of the inverted shoulder-head-shoulder pattern. Traders look for buy entry opportunities whenever this pattern appears on the chart. To know where the price might reach before another retracement occurs, traders measure the head dip from the neckline downward and the same length from the neckline upward.
According to the chart above, the pattern presents a surge in ETH price to its target of $2,200, as indicated by the measurement from the neckline upwards. Furthermore, the price has also broken above the neckline.
ETH Indicators Signal $2200 Target
The indicators have supported the ETH price, enabling traders to make good entries and investors to invest heavily. According to the chart, the price of ETH trades above the 50-day and 200-day moving averages. This indicates that bulls can enter the trade and profit at the next resistance level.
The recent price movement of Ethereum has formed a V shape pattern on the chart, with the second-to-last higher low being established at $1,680 on the 200-day moving average. Another higher low was formed at $1,831 on the 50-day moving average, providing more opportunities for bullish investors to enter the market. Based on these patterns, we predict that Ethereum could reach $2,200.
https://twitter.com/ALLEN_MANN63/status/1675813783002816513?s=20
The highly anticipated Ethereum Dencun upgrade, projected to occur later this year, could be a game-changer for the coin and is expected to drive the price of Ethereum further, potentially pushing it close to or even beyond $4,000. Speculation suggests that Ethereum’s current price may undervalue its potential, making it a cryptocurrency poised for explosive growth in the future.
Even so, investors have a greater opportunity to invest and earn massive returns on their investments with $DLANCE, a decentralized recruitment platform that aims to connect freelancers and recruiters worldwide.
DLANCE Partners with KingdomStarter, Raises $1.4 million
DeeLance is a decentralized recruitment platform that aims to connect freelancers and recruiters worldwide, offering a lifetime connection for its users. It leverages blockchain technology to provide transparency, security, and low-cost transactions.
Hey DeeLancers! 👨💻
💼🌐 Are you ready to thrive in the DeeLance ecosystem?
Our presale grants you access to the dynamic Metaverse, vibrant NFT marketplace, talented freelancers, and exciting job opportunities.
Secure your $DLANCE tokens and be part of a community that empowers… pic.twitter.com/NogNd4x4c8
— DeeLance (@deelance_com) July 2, 2023
The platform’s Metaverse feature offers users an immersive experience, allowing them to showcase their talents, participate in virtual networking events and job fairs, and conduct meetings in thematic rooms.
DeeLance aims to solve the issues commonly found on traditional recruitment sites, such as unqualified job seekers, scammers, and unsecured payment methods. Its focus on quality recruitment, the Metaverse, and an NFT marketplace has gained recognition within the crypto community.
DeeLance implements an efficient escrow system to ensure user safety, protecting users from hacks and scams. The native token, $DLANCE, is crucial to powering the ecosystem. Investors can use $DLANCE to purchase NFTs on the DeeLance marketplace and lease lands in the Metaverse.
DeeLance has formed a strategic partnership with Kingdomstarter, amplifying the impact of the freelancing revolution and enhancing the immersive professional experience.
Exciting news! 👨💻
📢 DeeLance has teamed up with @Kingdomstarter for a strategic partnership, fueling freelancing revolution and immersive professional experience.
Together, we're all in for:
🤝 Cross-marketing, Boosting #IDO initiatives and Community expansion#crypto… pic.twitter.com/uUexi8QBbg
— DeeLance (@deelance_com) July 2, 2023
In the current presale stage, there are only 12 days left for investors to take advantage of discounted $DLANCE tokens priced at $0.043. Remarkably, the project has already raised an impressive $1.46 million. Early investors have the opportunity to secure significant profits before the token price increases to $0.048 at the conclusion of the presale stage and later when the price hits $0.057 during its exchange listing.
Additionally, DeeLance has organized the DeeLance Leadership Competition, offering a prize pool of $500,000 in DLANCE tokens to the top five wallets holding the highest number of $DLANCE tokens. To participate, individuals can visit the official presale website, connect their crypto wallet, and swap $DLANCE tokens with ETH, BNB, or fiat currency via a bank CARD to make a purchase.
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