Bitcoin (BTC) $79,832.84 0.29%
Ethereum (ETH) $2,255.18 -0.22%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 91.076788 -1.17%
Cardano (ADA) $0.27 0.75%
Chainlink (LINK) $10.30 1.03%
Litecoin (LTC) $57.55 0.60%
Dash (DASH) $44.72 2.72%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.892935 -0.89%
X-Cash (XCASH) 7.0E-6 -2.38%
Dogecoin (DOGE) $0.00 -7.36%

Cryptocurrencies: 28941

Markets: 114107

Market Cap: $2,660,163,564,162

24h Vol: $89,365,581,562

Crypto Potato

2022-12-23 16:22:10

ETH Needs to Break This Level to Initiate a Rally (Ethereum Price Analysis)

ETH Needs to Break This Level to Initiate a Rally (Ethereum Price Analysis)

Ethereum’s price has dropped below a significant resistance zone where the 100-day and 50-day moving averages and a recently formed channel’s middle boundary had a stronger confluence. Therefore, a possible uptrend will be possible only if the price exceeds this range. Oppositely, a rejection might trigger another bearish leg. Technical Analysis By Shayan The Daily

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