Today news
About the same in other media
What happens if Ethereum weakens below $4,000?
Reading now: 316
ambcrypto.comEthereum continued its gaining spree during October, extending gains up to nearly 60% since the start of the month. However, a correctional phase was in effect as Bitcoin’s snapped a 12-day low at $58,000. For ETH, onus now fell to near-term support levels of $4K and $3,650. Should bulls falter at these levels, ETH could further weaken to $3,500-$3,100 before mustering strength for a new ATH.
Source: ETH/USD, TradingView
Ethereum’s closest defensive option was available at $4K and $3,700 but the Visible Range Profile suggested that these regions were yet to establish as reliable support zone. Should bears capitalize on these cracks, the lack of demand above $3,500 would see ETH decline by a further 10% before moving to a stronger support
Read more on ambcrypto.comAbout this in other media
Top cryptocurrency prices today: Bitcoin, Ethereum, Solana add up to 3% economictimes.indiatimes.com /2 years ago
What happens if Bitcoin foregoes the $63,000 price level ambcrypto.com /2 years ago
Ethereum 'has to bounce' as ETH bulls pin $5K rally hopes on critical support channel cointelegraph.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
