Ethereum slowly losing grounds

What's in this article

Ethereum updated all-time high on November 10 and the selling pressure increased because of the obvious resistance above $5000.

Ethereum price today is $3,281.91 USD with a 24-hour trading volume of $13,930,991,216 USD. Ethereum is down 0.07% in the last 24 hours, with a market cap of $391,067,181,301 USD. It has a circulating supply of 119,158,246 ETH coins.   

Source: Tradingview

Ethereum: Analysis

Since then, Ethereum kept tumbling until dropped below $3000 on January 10. This price plunge not only broke important support but also broke the pattern of making steady lower lows. Ethereum has a universal trend line of lower highs below that can act as good support near $2600 – $2400. Solana has major resistance at $4178.

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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