Some Bullish Moves from Ethereum in red Market

What's in this article

Ethereum is rising while Bitcoin stands relatively still. Where will this defiance of Ethereum lead to?

Ethereum price today is $3,785.27 USD with a 24-hour trading volume of $13,248,414,405 USD. Ethereum is down 0.88% in the last 24 hours, with a market cap of $450,575,450,969 USD. It has a circulating supply of 119,033,849 ETH coins.

Source: Tradingview

Ethereum: Analysis

Ethereum, after sinking big to $3585, is rising now as a part of pullback. Ethereum usually follows Bitcoin but it seems like it is moving against it which is new. The increased volatility on the bullish side will get Ethereum some new buyers from here but it needs to cross above the converging area of EMA 20, 50, 100, and 200. Ethereum has psychological resistance at $4000, fib 0.786. The support level is $3585.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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