Why Ethereum May Retest The $2,500 Support Level
Ethereum has been on. A declining trend like the rest of the market but the leading smart contract platform has been on the receiving end of one of the most brutal beat downs. The digital asset that had managed to touch the $3,000 level last week had quickly lost its footing which saw its spiraling down once more. However, Ethereum did not establish any significant support, so it had continued to decline. With the recent decline, the digital asset had crumbled below significant support points. These include the 20 and 50-day simple moving averages which are crucial in establishing support....
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Ethereum spent the summer months easily outperforming Bitcoin, but that trend reversed as soon as the fall months hit. The change in tune towards the DeFi trend helped take the second-ranked cryptocurrency down to retest resistance turned support. The bullish retest has since held, and it could take the altcoin back to retest highs on […]
Ethereum has exploded with the same momentum that Bitcoin did earlier in November, now taking the altcoin’s recovery to over $600. The level is the last major resistance zone before an all-time high retest is due. Here is the level to watch for where a reversal could take place, or if it’s too late and […]
After hitting a one-month low, Solana (SOL) has bounced from a critical support zone and is attempting to reclaim a crucial psychological barrier before potentially resuming its bullish rally. However, some analysts suggested that the cryptocurrency could retest new lows if the market volatility persists. Related Reading: SUI Retest Ascending Triangle Support Amid 8% Drop – Bounce Or Breakdown Next? Solana Price Retest Major Support On Thursday, Solana lost the $200 level as support after closing the day below this level for the first time in nearly a month. The cryptocurrency has been....
Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 Money Supply Shows What’s Next Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency’s price to retest its local....
Ethereum price has rallied to $2,800, which is the next significant important resistance level. Ethereum’s price has risen by 30 percent from hitting a low of $2,160 barely a week ago. Ethereum Price Targets $3k In the last five days, ETH has closed in the green, reaching the important resistance level of $2,805. (20-day moving average line). Price is currently stabilizing slightly below this critical level, in preparation for a new effort to break above if the bullish sentiment persists. If successful, ETH would be well on its way to reaching $3,000 in no time. On the other hand,....