ethereum

Ethereum Selling opportunity: Price Analysis June 29, 2021

If Ethereum got rejected from major resistance of $2,284 we might get a potential Ethereum selling opportunity. Ethereum has made today new local highs and great volumes are seen.

Bitcoin survived the major FUDs and maintained the price mostly above $30,000 but unfortunately, Ethereum couldn’t withstand so much coming and dropped to lows of $1,710. There was so much uncertainty last week that few analysts predicted Ethereum to even touch three digits. The prices kept falling and even London Hard Fork wasn’t enough to stop the descend.

bitcoin

Ethereum after a small accumulation and liquidity gathering below $1,730 level went up. Now ETH has renewed local highs at $2040, at each peak we see an increase in volumes – not a good signal for long positions.Ethereum selling opportunity

If the price reaches a new local high at $2278 and the volumes are also high at that time, it could mean that liquidity to sell is collected and there is a high probability that the price could go down and we can find a good Ethereum selling opportunity.

We highly encourage you to use our analysis but this is not financial advice, DYOR.

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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