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Ethereum

Ethereum headed towards the universal support

What's in this article

Just as predicted last Friday, due to the weekend crash landing. Ethereum has lost more than 50% since its peak in November.

 Ethereum price today is $2,201.75 USD with a 24-hour trading volume of $21,172,346,832 USD. Ethereum is down 10.58% in the last 24 hours, with a market cap of $262,653,361,065 USD. It has a circulating supply of 119,292,815 ETH coins.   

Ethereum
Source: Tradingview

Ethereum: Analysis

Even though Ethereum is bullish in bigger timeframes making higher lows and lower highs, the short-term analysis still falls in the bears’ favor. Ethereum tested the $2300 following our analysis and as the market remains uncertain, there’s still room to fall for it. Ethereum has universal support near $2000, just below $2183, fib 0.382. Ethereum has significant resistance above as the support of $3000 now turns into resistance.

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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