View full page at cryptocraft.com

 

ETH Eyes Sub-$1,750 on Falling Staking Inflows and the Debt Crisis

From fxempire.com

Ethereum (ETH) fell by 2.91% on Wednesday. Reversing a 1.98% gain from Tuesday, ETH ended the day at $1,800. Despite the bearish session, ETH wrapped up the session at $1,800 for the eleventh consecutive session. Tracking the broader crypto market, ETH fell from a first-hour high of $1,855 to an early afternoon low of $1,775. ETH fell through the First Major Support Level (S1) at $1,822 and briefly through the Second Major Support Level (S2) at $1,790 before ending the day at $1,800. Staking Inflows and US Debt Ceiling News Weigh: According to CryptoQuant, staking inflows tumbled from 217,056 ETH on Tuesday to 76,256 ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis