ETH Facing Key Support, Breakdown Might Lead to $4K Retest

Ethereum (ETH) had recently dropped below an ascending wedge formation, as shown in blue on the following chart, and since then lost its short-term bullish momentum. ETH is now facing crucial support level as described below.

Key Support levels: $4,354, $4K

Key Resistance levels: $4,689; $5,075

Over the past week, amid a new ATH for ETH, the bulls were unable to push the coin above the coveted $5,000 mark. The current ATH lies at $4,878 (recorded on Wednesday). Since then, the…

Source link

About bitcoin

Check Also

Finder’s Ethereum Price Predictions Report

Ether (ETH) could break US$2,400 in 2023, before ending the year at $2,184 …

Leave a Reply

Your email address will not be published. Required fields are marked *