Effective strategies for 30-second time frame trading

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###Fluctuations of Ether and Network Activity

The price of Ethereum made a significant jump, rising by 30% from the beginning of November to the middle of the month. For the first time since August, the cryptocurrency surpassed the $3000 mark. However, blockchain data indicates the potential for further growth. 1 Ethereum price dynamics in November

###Increase in User Activity

The number of active addresses in the Ethereum network has increased from 377 thousand to 487 thousand. This indicates a growing engagement of users in various ecosystem projects, including decentralized finance and blockchain games. 2 Growth of active addresses in the Ethereum network

###Growth of Transaction Activity

The number of daily transactions reached 1.29 million. This level of activity indicates increased interest in DeFi protocols and gaming applications based on Ethereum. 3 Transaction activity on the Ethereum network

###Sentiments of Major Investors

Large holders of Ether demonstrate high confidence in the prospects of the cryptocurrency. Their behavior can serve as an indicator of future price dynamics.

###Technical Analysis

A U-shaped pattern has formed on the Ethereum chart. This is a technical figure that often precedes a continuation of the upward trend. The next target for the movement could be the level of 3700 dollars. 4 Price fluctuations of Ethereum and the formation of a U-shaped pattern

ETH-2.02%
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