Ethereum Rises 5% Amid Bullish Trend, Aiming for $2,450

Share on Facebook Share on Twitter

Ethereum on the Way to 2500 Dollars?

Ethereum (ETH) has gained more than 5% in the last 24 hours. Market indicators and metrics remain bullish for the token. The crypto market has recently taken a bullish turn, bringing gains to most cryptos, and Ethereum was no exception.

Ethereum Finally Turns Bullish

After weeks of downward movement, Ethereum investors were finally able to record gains as the token’s daily chart turned green. According to CoinMarketCap, Ethereum was up by more than 5% in the last 24 hours. At the time of writing, Ethereum was trading at a price of 2,318.33 dollars, with a market capitalization of over 278 billion dollars.

Analyses Suggest Limited Room for Maneuver

However, the latest analysis from CryptoQuant suggests that the probability of ETH moving within a small price range is high. CryptoOnChain, an analyst and author at CryptoQuant, mentioned in an analysis that the derivative market charts show a relatively high number of short transactions, which looks bearish.

alert-circle
You can also find us on Telegram: Click here to follow our Telegram channel.

ETH’s Bullish Metrics

AMBCrypto’s analysis of CryptoQuant’s data shows that the buying pressure on the token is high. This is evidenced by the fact that its net deposit on exchanges is low compared to the seven-day average. Another bullish signal is its active addresses, which have been increasing recently.

Ethereum’s Resistance Zones

If ETH manages to maintain its bull run, as the metrics mentioned above suggest, the coin could encounter resistance in some zones. The analysis of Ethereum’s liquidation levels shows that ETH, in order to maintain a bull run, must surpass the mark of 2,400 dollars in the near future, and then the mark of 2,450 dollars.

Outlook for Ethereum

The possibility of ETH surpassing these levels is given, as most market indicators are bullish. For example, its Money Flow Index (MFI) has been on an upward trend. Its Chaikin Money Flow (CMF) followed a similar trend, increasing the chances of a sustained upward trend.

Sources: CoinMarketCap, CryptoQuant, AMBCrypto, TradingView.

The best Ethereum Casinos

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (21)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Logo des Tamadoge Coins
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Abby Richards on 15. July 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 17 ETH + 100 Free Spins
Welcome bonus
BETSFTD
Cryptocurrencies (27)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 19. June 2024
Anjuan Gaming
Anjouan
Licence
100% up to 10 ETH
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Michael Schmitz on 14. June 2024
Curaçao License
Curaçao
Licence
Share on Facebook Share on Twitter

The 3 best crypto casinos

100% without limit + 100 Free Spins
Welcome bonus
Cryptocurrencies (21)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Pepe Coin Logo
  • Pepe Coin Logo
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Logo des Tamadoge Coins
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
CoinKings review
Bonus Information CoinKings
Wagering requirements 35x bonus
35x free spins winnings
Minimum deposit €20
Maximum bet €5
Bonus validity 14 days for deposit bonus
7 days for free spins
  • There is no maximum bonus amount.
  • 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
How did we rate this casino

In addition to an unlimited bonus, Coinkings.io has a lot to offer. We have a high tolerance for VPNs, an impeccable selection of cryptocurrencies and, above all, an experienced team that immediately provided a wide range of games. In combination, all of this is very convincing.

Author & Responsibility: Gregor Ziegler
Last update by Abby Richards on 15. July 2024
Anjuan Gaming
Anjouan
Licence
Curaçao License
Curaçao
Licence
Up to 17 ETH + 100 Free Spins
Welcome bonus
BETSFTD
Cryptocurrencies (27)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Bonk Coin Logo
  • Chainlink_Logo
  • dai-logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Polygon (MATIC) Signet
  • Ripple XRP Logo
  • Tether (USDT) Logo
  • Toncoin Logo
  • tron-logo
  • usd-coin-logo
  • Zcash Signet (black)
Bets.io review
Bonus Information Bets.io
Wagering requirements 40x deposit + bonus
40x free spins winnings
Minimum deposit 0.00034 BTC or equivalent
Maximum bet 0.00003 BTC or equivalent
Bonus validity 30 days to claim
14 days to wager
  • Minimum deposit: 0.048 BCH • 0.0068 ETH • 0.26 LTC • 154 DOGE • 20 USDT • 40 XRP • 180 TRX • 48 ADA • 0.04 BNB • 20 BUSD • 20 USDC.
  • Maximum bet per round: 0.005 BCH • 0.0007 ETH • 0.03 LTC • 15 DOGE • 2 USDT • 4 XRP • 19 TRX • 4.8 ADA • 0.004 BNB • 2 BUSD • 2 USDC.
  • Free spins are credited on “Max Miner” by Gamebeat, 20/25 free spins per a day.
How did we rate this casino

Bets.io is our number 1 among crypto casinos because they have kept everything great about Dama Casinos, such as their excellent game selection and well-known reliability, while eliminating the frustrating KYC processes and traditional payment methods that can hinder the full crypto casino experience.

Author & Responsibility: Steven Harper
Last update by Isabella Brown on 19. June 2024
Anjuan Gaming
Anjouan
Licence
100% up to 10 ETH
Welcome bonus
Cryptocurrencies (9)
  • Bitcoin Logo
  • Bitcoin Cash Logo
  • Dogecoin Logo
  • Ethereum Logo
  • Litecoin Casino
  • Tether (USDT) Logo
  • tron-logo
  • usd-coin-logo
Metaspins review
Bonus Information Metaspins
Wagering requirements 40x bonus
Minimum deposit 0,1 mBTC
Maximum bet $5 per spin
Bonus validity 7 days to wager
  • There is no cap on winnings or withdrawals.
How did we rate this casino

Metaspins is still a very young crypto casino, but it can already convince with a very modern website, a good selection of games and, above all, an excellent bonus.

Isabella Brown
Author & Responsibility: Isabella Brown
Last update by Michael Schmitz on 14. June 2024
Curaçao License
Curaçao
Licence

Latest News

Created by

As a bit of a nerd and travel fan, I get to combine many things at KC. As a member of the team, I can ensure that our readers play in reputable casinos and at the same time contribute to the technical development. I do that from Germany or Spain, my adopted country.

Last update: 24. June 2024

kryptocasinos.com Logo Advertising transparency

We are independent, transparent and funded by revenue we generate when you sign up at a casino through us.

Our goal is to help you make better decisions when choosing a casino by offering different information, providing filters and comparison tables, and publishing objective content. Thus, we give you the opportunity to research for free, compare casinos and make your decision based on that.

We cannot guarantee that a casino that is very good for us will fit your type of player and your circumstances.

Why trust us?

We work according to transparent editorial guidelines and disclose our testing methods as well as funding. This article may contain links to our partners, but this does not influence our objective view in any way.

🍪
We use cookies. By using this site, you accept them.

Compare Casinos Choose up to 3 casinos to compare

Compare Casinos Choose up to 3 casinos to compare