Ethereum (ETH) rises above the $3,300 mark following the previous session’s gains. After testing the highs, the world’s largest altcoin retraced lower and trades with 0.60% losses. Although, the price has recorded gains of 3.16% over the last seven days.
ETH shows bullish interest from the long-term support zone of $2,900.
A daily acceptance above 200-EMA is essential to chart the new bull cycle.
USDC’s stablecoin supply on Ethereum surpassed Tether (USDT) for the first time.
Ethereum (ETH) blockchain knock down rivals USDT
Rival Tether (USDT) lagged for the first time by the total supply of the USDC stablecoin on the Ethereum blockchain. The current total supply of USDC on Ethereum is recorded at 39.92 billion, whereas it stands at 39.82 billion on USDT’s blockchain.
Source: Trading view
On the technical chart, the descending trend line from the high made on November 10 acts as a strong resistance barrier for the bulls. The lower highs and lower lows pattern dragged the pr
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