Ethereum (ETH) showed a rebound along with major cryptocurrencies. As of the 23rd, it rose by about 10% over 24 hours, trading at around $1,795 (approximately 2.62 million won). This is interpreted as a result of improved overall market sentiment amid easing trade tensions between the United States and China.
Ethereum's daily trading volume surged 67% compared to the previous day, reaching $26.6 billion (approximately 38.836 trillion won). Analysis suggests that short-term buying demand has revived, supporting the upward momentum. Particularly in the trading market, there are assessments that derivative traders' risk appetite has been restored as signs of futures position liquidation were detected.
Positive signals are also emerging from a technical perspective. With a breakthrough signal forming on the chart, a price target of $2,100 (approximately 3.07 million won) has been suggested. Optimistic views are spreading that it could enter a full recovery phase after passing through a short-term adjustment period.
Meanwhile, this rebound is significant in that it coincides with a concurrent rise across major cryptocurrencies such as Bitcoin (BTC) and Solana (SOL). Especially with analyses suggesting that the president is pursuing diplomatic strategies to ease tensions between the US and China, the reduction of political uncertainty is positively affecting market sentiment.
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