Ethereum Price Rebound Stalls—Can It Reclaim the Lost Support?
Ethereum price failed to recover above $1,700 and dropped below $1,550. ETH is now correcting losses and might face resistance near the $1,620 zone. Ethereum failed to stay above the $1,620 and $1,550 levels. The price is trading below $1,620 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains at risk of more losses if it fails to clear the $1,620 resistance zone. Ethereum Price Recovery Faces Resistance Ethereum price failed to stay above the $1,700....
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Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile....
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Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]