Ethereum, MATIC, Terra Price Analysis: 04 December
As the bulls triggered an early December revival, the bears were quick to negate them by instigating a sizeable sell-off over the past day. Consequently, altcoins like Ethereum, MATIC and Terra’s LUNA registered double-digit losses on their daily charts.
After touching their multi-week milestones this month, most cryptos breached their long-term support levels.
TradingView, ETH/USDT
After a brief late November upturn, ETH touched its two-week high on 1 December. However, as the broader market slumped, the largest altcoin witnessed a breakdown from the ascending broadening wedge after noting a 17.6% 24-hour loss.
After striking its ATH, the bears triggered an over 27% decline (from 10 November) to touch the alts’ seven-week low on 3 December.
T
Read more on ambcrypto.com
