ETH trading at its 4-month lowest now
The market capitalization of ETH is second, and it is currently trading at its 4-month low. It is also in red for six consecutive weeks. ETH has risen 5% since its recent low of $2201 and now trades at $40,878,366,928 US Dollars per hour. Ethereum is the dominant cryptocurrency with a market capitalization of $280bn and a dominance rate of 19.89%.
ETH traded at $2,321 as of the writing date.
ETH has plunged nearly 36% in the last six weeks after a ‘Bearish Engulfing’ at its recent high of $3,551. The asset is currently facing strong resistance at its 20-day Moving Average and is now forming a Lower Top Lower Bottom’ pattern. Strong support is at $2,160 for ETH. It can hold the support and we can expect some relief rally. A break below it will cause a further fall, which could lead to the asset testing its $2,000-$1,950 Levels.
Support 2Support 1AssetResistance 1Resistance 2$1,950$2,150ETH$2,550$2,850
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