Crypto Daily™13 minutes ago

Published on November 06, 2023 09:20 GMT+00:00edited on November 06, 2023 09:24 GMT+00:00

The Ethereum (ETH) price has moved above the $1850 mark and is currently trading at the $1880 mark, and could push toward the resistance at $2000.

Currently, ETH is above the $1850 price level and the 100-hourly Simple Moving Average.

ETH Ready For Bullish LMACD Crossover

While the cryptocurrency market has recovered, sentiment around Ethereum is currently at a low. The ETH price has seen higher lows throughout 2023 since hitting its June 2022 bottom. However, the ETH price is now set for a bullish crossover of the 1M LMACD, the logarithmic version of the Moving Average Convergence Divergence indicator. The tool is used to compare historical price movements with the current price action. A bullish crossover hints at a significant momentum shift. This is made even more potent due to the …