Market analysts said Etherโs (ETH) uptrend was confirmed after the latest 25% recovery to $2,200 from its multi-year lows below $1,800. Key takeaways: Ether rose to $2,200 on Wednesday, as onchain data shows signs of returning demand. ETH price support around $2,100 remains key for the bulls to hold. Ether sellers are โlosing controlโ Etherโs net taker volume suggests that โsellers may be losing controlโ as demand for ETH derivatives returned, data from CryptoQuant shows.ย Net taker volume, a metric that measures the imbalance between buyers and sellers in derivatives…
Tag: Ethereum
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Ethereum Price Hits $2,200 Milestone, Traders Brace for Next Move
Ethereum price started a fresh increase above $2,120. ETH is now correcting gains from $2,200 and might decline further below $2,100. Ethereum started a downside correction from the $2,200 zone. The price is trading above $2,080 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,020 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,180 zone. Ethereum Price Rallies Over 8% Ethereum price started a fresh increase above…
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Ethereum Price Stuck Under $2,050, Bulls Seek Recovery Catalyst
Ethereum price started a fresh increase but failed near $2,080. ETH is now correcting gains and might decline further below $1,920. Ethereum started a downside correction from the $2,080 zone. The price is trading below $1,950 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support at $1,960 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,050 zone. Ethereum Price Dips To Support Ethereum price attempted a fresh increase above the…