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ETH Price Stuck In Range With Little Support for A Breakout

From investingcube.com

Ethereum price declined on Friday, touching at an intra-day high of $3164 before shedding 0.85 to trade at $3128 at the time of writing. Traders have adopted a risk-off approach to crypto assets in the last one month, and that sentiment has not changed one week after the Bitcoin halving event. While some analysts attribute this to the fact that Bitcoin uncharacteristically peaked weeks before the halving, some say that the market rally is yet to come. Nevertheless, the ETH’s price is 0.54% lower on the weekly chart and has lost 14.12% of its value in the last month. Curiously, this is the first time since September ... (full story)

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  • Category: Technical Analysis