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Ethereum is “Fighting for Its Life” as Bulls Struggle to Defend Critical Support Level

From bitcoinist.com

Ethereum has been struggling to keep up with Bitcoin in recent days, with its price being dragged lower by the headwinds created by the ongoing descent of the DeFi market sector. This weakness led it as low as the $350 overnight, which is the point at which bulls finally stepped up and began guarding against it seeing posting losses. Analysts now are stating that the cryptocurrency could be well-positioned to see upside, but only if it can continue defending a last-ditch support level. A break below this level, however, would be dire and potentially cause the crypto to see a massive move lower. Ethereum Rebounds from ... (full story)

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  • Category: Technical Analysis