ETH Market Update: Stabilizing Around $3,880 — Where Next? Cloud Mining May Be the New Path to Passive Income | Fleet Mining
Ethereum (ETH) is currently exchanging hands at a price close to $3,880, which represents a positive change of nearly +2.6% in the course of the last 24 hours. Despite the fact that ETH has managed to bounce back lately, the overall consolidation pattern is still intact. Since there are both macro and on-chain factors affecting the situation, the market has decided to go into a ‘waiting-for-breakout’ phase. In such times of volatility, the popularity of strategies aimed at ‘continuous asset output’ for the generation of passive income is on the rise — and Cloud Mining is getting recognized as a promising destination for future ventures. I. Technical and Trend Analysis: The Future Landscape of ETH · Support Level: Should ETH drop under the $3,720–$3,800 band, a return to $3,400–$3,500 could be in the cards. · Resistance Level: If the price of the asset went above $4,000–$4,200 accompanied by solid volume, it would most likely result in a further rise to about $4,500 and possibly $5,...