Today news
About the same in other media
Ethereum 'has to bounce' as ETH bulls pin $5K rally hopes on critical support channel
Reading now: 501
Ethereum's native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers.
The rising trendline has been triggering ETH's price rebounds since the beginning of October 2021 and comes as a part of a broader Ascending Channel range.
As a result, Ether's path of least resistance has been to the upside despite pullbacks at the Channel's upper trendline, with its quarter-to-date returns currently sitting at over 38%.
Most recently, the rising trendline was instrumental in limiting selloffs that followed the Ether price's rally to a new record high above $4,870. That prompted analysts to expect another strong price rebound in the future, with a
Read more on cointelegraph.comAbout this in other media
Ethereum: 1 million ETH now burned, but here’s why the Merge cannot wait ambcrypto.com /3 years ago
COVID in Europe: Netherlands imposes mandatory social distancing euronews.com /3 years ago
Bitcoin Stuck Below USD 57K, Ethereum Inches Higher, SAND & ZEC Rally cryptonews.com /3 years ago
Show more
The website finance-news.co 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.
