Ethereum: The Ether price defies the weakness in the crypto market
In this article you will learn:
- Which price levels can no longer be abandoned by the bulls
- Why a trend continuation to the north is only likely if there is a sustained jump above the 2021 all-time high
- Why the buyer camp could be running out of time
After a brief rise to a fresh all-time high of $4,958, the price of Ethereum (ETH) consolidated at the beginning of the week back to the 20-day EMA20 at $4,320. From this level, the Ether price recovered to the resistance level at $4,605, but has so far failed to sustainably recapture it. Despite new inflows into Ethereum spot ETFs, the bulls have failed to reclaim the resistance area around the daily closing prices of the last trading week in recent days. This price analysis shows which chart levels are attracting investors' attention in the short and medium term for a preliminary decision.
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