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Ethereum price loses strength, signaling a bearish impulse to $3,000

From fxstreet.com

Ethereum price has suffered significant losses following the weekly open. Now, ETH's future depends on its ability to hold above $3,223. Ethereum price rebounds with conviction: Ethereum price shows relatively higher buying activity than Bitcoin and XRP as it surged roughly 14% from its recent swing low. The upward move suggests that ETH’s recovery will be much faster than the others. At the time of writing, Ethereum price is testing the resistance level at $3,587. A decisive close above this barrier could trigger a 7% upswing toward the supply barrier that extends from $3,818 to $3,985. If the buyers manage to slice ... (full story)

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  • Category: Technical Analysis