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Ethereum Pump

Ethereum slumps down after the 4500 mark, what to expect next?

On an hourly time frame, Ethereum rose today to $4456 with Bitcoin and quickly came down. When Ethereum slumps down below the $4000 mark, there are always buy bids waiting.

The Ethereum price today is $4,054.49 USD with a 24-hour trading volume of $26,118,488,898 USD. Ethereum is down 10.15% in the last 24 hours, with a live market cap of $480,457,173,643 USD. It has a circulating supply of 118,500,166 ETH coins.

Ethereum slumps down
Source: TradingView

Ethereum slumps down: Analysis

Ethereum was rising along the lower trend line making it support until today when it broke to the lower support level of November 22. We are still bullish about Ethereum as the RSI marks it 20, the oversold situation. That’s where buyers should be getting in and making it rise to the upper resistance level fib 0.382 where all 4 EMA (20, 50, 100, 200) coincide.

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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