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Ethereum, Chainlink, VeChain Price Analysis: 9 December
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While the market refrained from high volatility over the last day, Ethereum and Chainlink technicals hinted at a slight bullish bias. Ethereum managed to breach the 61.8% hurdle while Chainlink struggled to cross the golden Fibonacci level after forming a reversal pattern.
On the other hand, VeChain continued its bearish movement.
Ethereum (ETH)
Source: TradingView, ETH/USDT
King alt registered a 23.9% ROI after poking its seven-week low on 3 December. As a result, it climbed above the 61.8% Fibonacci resistance post a symmetrical triangle breakout.
The bears halted the 52-day up-channel rally on 12 November as the alt saw a breakdown. But the bulls ensured the seven-week support at the $4,023-mark. After which, they triggered a brief upturn
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