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Ether drops below key SMAs, holds losses near 2,900
Ether (ETHUSD) is extending a threeday pullback from the range ceiling near 3,360 – intact since midNovember – slipping below all three key simple moving averages (SMAs) as well as the mediumterm ascending trendline drawn from the April 8 trough. The largest altcoin is currently down 11.2% weektodate, marking its steepest weekly decline since November. Despite the sell-off, Ether still trades within its broader consolidation range, though momentum continues to weaken as reflected in the indicators. The MACD is flatlining around its zero line, the RSI is easing above the 30 threshold, and the stochastics are ... (full story)
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