Ethereum Price Declines After Failing to Hold $1,700 Support Level
By
Aayush Jindal
Summary
Ethereum price has resumed its decline after failing to hold above the $1,700 resistance zone. The cryptocurrency experienced a downside correction from $1,720, breaking below key support levels at $1,680 and $1,665, as well as a bullish trend line at $1,700 on the hourly chart. ETH must now clear resistance levels at $1,670 and $1,700 to reverse the bearish momentum and continue higher.
Source
bskyEthereum Price Declines After Failing to Hold $1,700 Support Levelnewsbtc.comKey quotes
· 5 pulledEthereum price started a downside correction from $1,720.
ETH must clear the $1,670 and $1,700 resistance levels to continue higher.
Ethereum price failed to stay above the $1,700 zone and extended its decline, like Bitcoin.
There was a break below a bullish trend line with support at $1,700 on the hourly chart of ETH/USD.
The bulls were active near the $1,6
You might also wanna read
Bitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alive
Bitcoin experienced choppy trading between $58,500 and $60,500 on Friday, snapping a two-day decline that had erased $4,500 from its value.
news.bitcoin.com·8d agoBitcoin stabilizes near $60,000 after two-day slide, but 30% YTD decline keeps bear market fears alive
Bitcoin experienced choppy trading between $58,500 and $60,500 on Friday, snapping a two-day decline that had erased $4,500 from its value.
news.bitcoin.com·8d ago
Bitcoin drops 3.6% to $61,860 as global sell-off and record ETF outflows pressure crypto markets
Bitcoin dropped 3.6% in 24 hours, falling to an intraday low of $61,860 before finding support just above $62,000. The decline wiped nearly
news.bitcoin.com·11d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.