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Ethereum Price Retreat As the Consolidation Phase Continues

From investingcube.com

Ethereum price joins the sharp correction in the cryptocurrencies market today, giving up over 4% as the pressure accelerates during the American trading session. Lumen is the worst performer today giving up over 8%, followed by EOS and Litecoin. Bitcoin is 4.02% lower at 11,408 while Ripple is 1.95% lower at 0.2887. Traders are taking today some profits off the table from ETHUSD after the massive rally in cryptocurrencies, while they are doing the same in other assets such as the Nasdaq and gold. Ethereum has run an impressive rally with gains over 200% since the March lows. Cryptocurrencies investors have high ... (full story)

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  • Category: Technical Analysis