Ethereum 2 Scenarios of price movement this week

What's in this article

Ethereum price is stumbling above $3000 support as the cryptocurrency market remains red even this week.

Ethereum price today is $3,116.32 USD with a 24-hour trading volume of $18,160,284,496 USD. Ethereum is up 4.41% in the last 24 hours, with a market cap of $371,204,560,018 USD. It has a circulating supply of 119,116,369 ETH coins.

Source: Tradingview

Ethereum: Analysis

As shown in the daily chart above, Ethereum, making lower highs, might slump down to the support of $2600, fib 1.618. This support zone is very crucial to hold on to for Ethereum as there are chances that institutions might enter the trade at this level. The resistance level is at $3500 and the major support zone lies at $1752

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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