Ethereum has remained stagnant for an extended period of time, leaving the market with uncertainty and full of bearish sentiment. The price faced resistance at the $2K level and subsequently dropped below a short-term upward trendline. It is now undergoing a pullback to test this same trendline. Meanwhile, ETH is up against the 100-day moving average, which represents a strong support level positioned at $1781. Presently, ETH is confined within a tight range, roughly between the 100-day moving average at $1781 and the ascending trendline around $1890. Zooming in on the 4-hour chart with small candles indicating a lack of clear direction.
Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!
Android: https://links.hashd.co/android
Comments