During the explosive growth of bitcoin, the cryptocurrency Ethereum may grow even more

The price of Ethereum began to rise rapidly after bulls were active above the $ 1500 support level. ETH $2,113.39 Bridged Ether (StarkGate) -0.88% Market capitalization $37.6 million VOL. 24 hours $0.4 billion overcame many obstacles at $ 1570 and $ 1600 and moved into the positive zone, just like bitcoin.

The price of ETH has risen by more than 8% over the past 24 hours and 2% over the past 7 days. The main altcoin managed to retest the $ 1700 zone. Currently, the price is consolidating gains, and Ethereum is trading well above the 100-hour moving average. Also, a key bullish trend line is forming on the hourly chart of ETH/USD with support around $ 1640.

According to cryptocurrency analysts, the next major resistance to the ETH price is near the $ 1780 area. A breakout above this level could trigger further growth. In this case, the price may rise to $ 1840. The next major resistance is near the $ 2000 level.

As for the flagship cryptocurrency, bitcoin rose by 11.2% over the past day. Currently, the nearest resistance BTC $77,193.26 Mezo Wrapped BTC -0.25% Market capitalization $75.87 million VOL. 24 hours $0.85 billion is around $ 24,800. According to cryptocurrency analysts, the next price of bitcoin is $ 25,000. A clear move above the $ 25,000 resistance level could lead to new sustainable growth.