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ETH Eyes $2,000 on Withdrawal Profile and Jump in Staking Inflows

From fxempire.com

Ethereum (ETH) fell by 3.34% on Friday. Partially reversing a 7.16% rally from Thursday, ETH ended the day at $1,939. Despite the bearish session, ETH tested resistance at $2,030 for the first time since May 6 before sliding into the red. Ethereum Price Action: This morning, ETH was down 0.31% to $1,933. A bearish start to the day saw ETH fall from an opening price of $1,939 to a low of $1,928. Daily Chart The Daily Chart showed ETH/USD sitting below the $2,075 – $2,105 resistance band. However, ETH/USD remained above the 50-day ($1,866) and 200-day ($1,766) EMAs, signaling bullish momentum over the near and long ... (full story)

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  • Category: Technical Analysis