Ethereum's fall below the month-long range showed bearish intent, but will this result in a move toward the next support zone on the chart?
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
An ETH move back above the $1850 and $1880 levels would show bulls clawing their way back into the driving seat. also sank below the $29k level after seeing little volatility over the past week. Could this be the start of the next leg downward?Whenever the price drops below a relatively longer-term range, short-term traders can ask pertinent questions – is it just a deviation? What’s to say the price won’t bounce back into the range? Time is the only thing that can answer the questions definitively.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Ethereum turns 8, here’s a look at its spectacular journeyEthereum celebrated its 8th birthday on 30 July. And in these eight years, Ethereum has grown to become the second-largest crypto asset in existence.
Read more »
How Ethereum remains profitable even as prices stagnateProfit taking on ETH transactions climbs despite the sideways movements of its price.
Read more »
Ethereum: One more reason to invest in ETH as it outperforms BTC in JulyEthereum price movement turned out to be better than Bitcoin's over the last month. Despite declining price, addresses continued to accumulate ETH.
Read more »
Ethereum Name Service: Whale causes flurry amidst July dipCrypto whale reclaims dormant ENS tokens as .eth registrations log a monthly decline in July.
Read more »
ETH validators witness MEV reward spike but not without bear troubleEthereum validators hit the jackpot with soaring MEV rewards amidst DeFi turmoil. However, the market's bearish trend raises questions about ETH's trajectory.
Read more »
Toronto to witness rare blue supermoon and it won't happen again until 2037Skywatchers, stargazers, and astrophotographers will have an oppor-two-nity to catch stunning full supermoon events in the next month, a supersized...
Read more »