Bitcoin (BTC) $71,111.24 -4.58%
Ethereum (ETH) $2,185.70 -5.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 89.646598 -5.41%
Cardano (ADA) $0.27 -5.69%
Chainlink (LINK) $9.18 -6.50%
Litecoin (LTC) $55.79 -4.22%
Dash (DASH) $32.40 -7.61%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 1.227672 -8.46%
X-Cash (XCASH) 1.0E-5 -3.85%
Dogecoin (DOGE) $0.00 -12.38%

Cryptocurrencies: 28621

Markets: 116264

Market Cap: $2,437,897,749,122

24h Vol: $107,896,581,607

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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