{"id":29305,"date":"2024-10-08T13:30:00","date_gmt":"2024-10-08T13:30:00","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=29305"},"modified":"2024-10-14T05:57:56","modified_gmt":"2024-10-14T05:57:56","slug":"ethereum-technical-analysis-report-8th-october-2024","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/ethereum-technical-analysis-report-8th-october-2024","title":{"rendered":"Ethereum Technical Analysis Report – 8th October 2024\u00a0\u00a0"},"content":{"rendered":"\n

Enthusiasm is building within the Ethereum (ETH) community following the introduction of a new Ethereum Improvement Proposal (EIP-7781), designed to significantly enhance transaction speed and help decentralised exchanges (DEXs) save an estimated $100 million. Ethereum edged up 0.1% on Monday, driven in part by the excitement surrounding the proposal, which aims to reduce slot time and increase network speed by around 50%. This comes after Ethereum saw a mid-month surge, pushing its price to $2,685\u2014its highest level in over a month. The rise in ETH is also supported by broader economic forces, such as the U.S. Federal Reserve’s recent rate cut, indicating that macroeconomic conditions are adding to the bullish momentum.<\/p>\n\n\n\n

At the time of writing, ETH<\/a> was trading at $2,428. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

ETH has held multiple support levels at the key level of $2,150, and this time too it has bounced from the same support level. The asset surged almost by 26% up to $2,728. The bulls failed to manage the grip on the asset and it witnessed some profit booking at higher levels. ETH has a strong resistance zone from $2,775 to $2,820, whereas $2,400 to $2,350 will act as a strong support zone for the asset.
<\/p>\n\n\n\n

  Support 2<\/strong><\/td>Support 1<\/strong><\/td>Asset<\/strong><\/td>Resistance 1<\/strong><\/td>Resistance 2<\/strong><\/td><\/tr>
$2,150<\/td>$2,400<\/td>ETH<\/strong><\/td>$2,800<\/td>$3,350<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

In the grand scheme of things, ZebPay blogs is here to provide you with crypto wisdom. Click on the button below and discover endless features on ZebPay!<\/p>\n\n\n\n

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TRADE NOW<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Enthusiasm is building within the Ethereum (ETH) community following the introduction of a new Ethereum Improvement Proposal (EIP-7781), designed to significantly enhance transaction speed and help decentralised exchanges (DEXs) save an estimated $100 million. Ethereum edged up 0.1% on Monday, driven in part by the excitement surrounding the proposal, which aims to reduce slot time […]<\/p>\n","protected":false},"author":1,"featured_media":29450,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[26],"tags":[16,311],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29305"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=29305"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29305\/revisions"}],"predecessor-version":[{"id":29308,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/29305\/revisions\/29308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/29450"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=29305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=29305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=29305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}