Ethereum Price Signals Further Bullish Surge After 8% Pump in 24 Hours to $3,388

Ethereum (ETH/USDT) has been on an exciting journey, recently breaking free from months of consolidation near the critical support level of $2,250.

The price of Ethereum has surged by 8% in the last 24 hours, reaching $3,388 as of 12:30 a.m. EST with a 53% jump in trading volume to $54 billion. This surge comes amid a broader rally in the cryptocurrency market, driven by positive economic data and institutional interest.

Ethereum (ETH/USDT) has been on a remarkable journey, recently breaking free from months of consolidation. This consolidation occurred near the critical support level of $2,250, which served as a safety net for the price throughout the year, consistently attracting buyers and holding strong.

Now, Ethereum has staged an impressive breakout, climbing above major resistance levels including the 200-day moving average at $2,727. This breakout signaled a major shift in market sentiment, and now, the price has reached $3,374.

As Ethereum enjoys this upward move, it seems to be catching its breath around the $3,300 support level, hinting at a pause before the next move.

The 50-day moving average, which is currently at $2,960, continues to trend higher, indicating sustained strength in the uptrend. Meanwhile, the 200-day MA serves as a solid foundation for any potential pullbacks.

The Relative Strength Index (RSI) stands at 66.78, reflecting strong buying pressure but approaching overbought territory. This suggests that a short-term pause or slight correction could be on the horizon.

Key levels to watch include the $3,300 support, which is holding for now, and resistance at $3,500, a major hurdle Ethereum price must clear to unlock further gains toward $3,800 or beyond.

However, if the $3,300 level fails, Ethereum might revisit lower levels, making this a pivotal point.

While Ethereum price rallies, investors might be looking for other opportunities with more explosive upside potential. One option that has attracted attention is Flockerz (FLOCK), which has already sold out two presale rounds and soared past $2.8 million in total funds raised.

Recently, Crypto YouTuber ClayBro, who has over 131K subscribers, discussed FLOCK in a video and suggested that it could 10X from its current price when it launches.

Flockerz is unique in the crypto space for its innovative Vote-to-Earn (V2E) system, which is a game-changing approach that rewards the community for participating in the decision-making process.

Unlike other projects where token holders are merely passive participants, Flockerz gives users a direct role in shaping the future of the platform. Every time you cast a vote on key decisions, you earn additional FLOCK tokens.

This creates a virtuous cycle where the community is actively engaged and has a vested interest in the success of the platform.

We're PUMPED about the future of The Flock!

You ready to jump in?! 💪 pic.twitter.com/EpGZYH6GGZ

— Flockerz (@FlockerzToken) November 18, 2024

Flockerz also takes rewards a step further by offering a staggering 771% annual staking return. Those interested in joining the Flockerz ecosystem can easily buy FLOCK tokens using ETH, BNB, USDT, or a regular bank card.

Right now, the price of one token is just $0.0061015. With the price set to increase in a little more than 2 days, interested investors should buy soon to lock in the best deal.

Buy Flock tokens on the official website here.