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The Ethereum price has dropped 0.6% in the last 24 hours to trade at $2206 as of 11:29 p.m. EST as trading volume jumped 17% to $19 billion.
Despite the slight drop, Ethereum experienced its sixth consecutive week of inflows, amounting to a total of $10 million, CoinShares said.
Just seven weeks ago, Ethereum had recorded year-to-date outflows of $125 million, but this has now rebounded to inflows totaling $19 million.
The Ethereum Price: Bulls Remain Bullish in Ascending Channel
Although the Ethereum price seems poised to break out of the ascending channel, it encountered resistance at $2420, with bears pushing the price lower. Despite this, ETH maintains a bullish position within the channel.
ETH is aiming for a new 2023 high, trading above both the 50-day and 200-day simple moving averages. This confirms the ongoing bullish sentiment and establishes short-term support levels.
The Relative Strength Index (RSI) has experienced a modest decline, moving downward from 70 to 56 and approaching the midline level of 50.
Ethereum Price: Bulls Aiming For Peak $3K?
Bulls anticipate a continuous bullish trend that could prompt further upward movements above the ascending channel. The bulls might aim for a prospective peak of around $3000 in the upcoming days of 2023.
If the bears sustain the corrective phase, the price is likely to further decline towards the support zone at $2150, aligning with the lower boundary of the ascending channel.
A break below this level might add to the selling pressure, potentially triggering a further drop towards the critical support level around the $1950 support zone.
Meanwhile, investors may consider investing in the TG.Casino token given its impressive performance during the presale phase, and its positioning as a strong competitor in the gaming industry.
TG.Casino Presale Raises $3.8 Million, Price Hike In Less Than 5 Days
The TG.Casino presale has raised over $3.8 million as the presale approaches its $5 million target soft cap. This surge is due to investors flocking in to buy the token, anticipating a price increase upon the token’s listing.
As an investor, you can currently purchase the token at a reduced rate of $0.185 per token. Buying at this moment provides a strategic advantage, as the price is set to increase in less than five days as the presale progresses to the next stage.
$TGC is now available to buy at $0.185 in presale🎰
Go get it players! pic.twitter.com/t4E91nMn0c
— TG Casino (@TGCasino_) December 12, 2023
Earn Passive Income on Staking, Get 25% Cashback on Losses
The TG.Casino platform also offers a unique cashback incentive. Users who wager with TGC tokens qualify for a 25% net cashback on losses, adding to the demand for the token.
Staking $TGC presents an opportunity for you to earn an impressive annual yield of 163% APY, contributing to revenue generation on the TG Casino platform. 78% of the circulating supply is currently locked up in staking vaults, highlighting the appeal of this lucrative staking mechanism.
$8 🔀 $23,564
Big win on Hand of Anubis🤩 $TGC pic.twitter.com/7qU7M12t6w
— TG Casino (@TGCasino_) December 11, 2023
Early adopters of the staking program have already begun to realize returns, receiving a distributed share of 5.6 million $TGC in staking rewards.
TG.Casino further sweetens the deal with attractive incentives, including recent airdrop events that generously distribute 16 million TGC tokens to token holders.
https://Twitter.com/TGCasino_/status/1726605371891204340?s=20
The Cryptonews YouTube channel, boasting over 7,000 subscribers, has featured TGC in one of its videos, characterizing it as a token with boundless potential. This potential is attributed to TG Casino’s unique status as the first globally licensed Telegram casino.
To participate in the TGC presale, visit the TG.Casino website, connect your wallet, and swap your ETH, BNB, or USDT for TGC tokens.
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