The major Ethereum support area is $1,800 but weaker than Bitcoin‘s — analyst
The buying support for ETH/USD near its record high appears to be weaker than Bitcoin’s. The price of Ether (ETH) is hovering near its all-time high once again, while Bitcoin (BTC) is still far from surpassing its record high at $60,805.But despite ETH demonstrating strong technical momentum and entering price discovery, on-chain analysis finds that its support is "narrower" than Bitcoin.Simply put, ETH faces a bigger risk of seeing a deeper pullback than Bitcoin in the foreseeable future, if the market turns around.USD cost of Ethereum held since November 2020. Source: Chainalysis,....
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