• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

ETHETH Faces Resistance and Pulls Back

user avatar

by Maya Lundqvist

2 days ago


Ethereum's native token, ETH, has recently faced significant price fluctuations as it navigates through critical resistance levels. After a brief rally, the cryptocurrency encountered selling pressure, prompting a pullback in its value. The publication provides the following information: the market remains volatile, and investors are closely monitoring upcoming trends.

ETH Price Movement Analysis

Following a retest of a key resistance zone, ETH's price initially found support at $3,435, allowing for a rebound. However, the token struggled to maintain momentum as it approached the $4,250 resistance level, ultimately retreating to around $4,030.

Market Analysts' Recommendations

Market analysts suggest that investors should consider short positions, with specific entry points and take profit levels in mind. This strategy may help traders capitalize on the current volatility as ETH continues to navigate its price challenges.

Earlier today, a new guide was released, focusing on essential factors for evaluating low-fee trading platforms, which contrasts with the current volatility in ETH's price. For more insights, check out the full article here.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bitcoin's Favorable Setup Against Gold

chest

Onchain data indicates a significant shift in the BTC-Gold ratio, suggesting Bitcoin may soon outperform gold.

user avatarElias Mukuru

Li Lin Launches $1 Billion Ethereum Asset Management Firm

chest

Huobi founder Li Lin plans to establish a $1 billion Ethereum treasury asset management firm, with Avenir Capital contributing $200 million and Asian institutions committing $500 million.

user avatarDiego Alvarez

Effective Strategies for Growing a College Fund

chest

Budget-conscious families can implement various strategies to grow their college savings effectively.

user avatarFilippo Romano

CryptoAppsy Launches Personalized News Feed for Users

chest

CryptoAppsy has launched a personalized news feed that provides concise updates in Turkish, English, and Spanish, allowing users to filter news based on their portfolio.

user avatarGustavo Mendoza

Market Activity Reflects Renewed Interest in XLM

chest

Daily trading volume for XLM reaches approximately 165 million, indicating renewed interest despite the price being far from all-time highs.

user avatarKenji Takahashi

XLM Bounces Off Support and Eyes Resistance at 0335

chest

Stellar XLM shows signs of recovery after bouncing off the 0285 support level, with potential to test resistance at 0335.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.