Ethereum Faces Setbacks Amidst Bullish Surge and Liquidations
TL;DR Summary
Ethereum's recent bullish surge is cooling off, showing signs of consolidation amid ETF hype. Despite a 17% increase last week, the growth has slowed to less than 1% this week. Technical indicators and trading data suggest a mixed sentiment, with a predominance of long positions but increased market caution. The ETH/USDt chart and RSI indicate neutral momentum, with key support at $3,770 and resistance near $4,000. Overall, Ethereum is already in a consolidation phase.
- Ethereum’s bullish surge cools off – How much longer for $4k? AMBCrypto News
- 3 reasons why Ethereum is stuck below $3,900 Cointelegraph
- Ethereum’s Monthly Close May Be Sluggish: Here’s When ETH Price May Trigger a Rally to $4500 Coinpedia Fintech News
- Ethereum traders feel the pinch: A surge in liquidations AMBCrypto News
- ETHUSD Pulls Back from 2-Month High Action Forex
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
80%
370 → 74 words
Want the full story? Read the original article
Read on AMBCrypto News