Ethereum Loses $1,500 Grip As ETH Heads Down To Correction Phase
Ethereum may have finally exhausted its energy after going full throttle over the last few days that enabled it to briefly hit $1,675. As the altcoin alpha has finally entered the expected correction phase, analysts shared their thoughts, saying the crypto, at all cost, must hold its $1,500 support zone if it hopes to initiate another bullish rally anytime soon. Let’s take a quick glance at how Ether has performed so far this month: Ethereum failed to hold the crucial $1,500 support marker ETH has declined by 6.3% over the last seven days Three million addresses holding 9 million ETH....
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Ethereum price after completing a correction phase started to gain bids once again, which may push ETH/USD towards $15.00 in the short term. Key Highlights. Ethereum price after correcting a few points vs the US Dollar found support and moved higher once again. There is a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which is acting as a support for the price. It looks like the price may test the last swing high of $14.88 one more time if the current trend stays intact. Ethereum Price Support. Ethereum price ETH traded as high as $14.88 this past week....