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Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Coin63@ on June 12, 2021, 03:00:20 AM

Title: Ethereum price steady rise in jeopardy as more declines linger under $2,000
Post by: Coin63@ on June 12, 2021, 03:00:20 AM

Ethereum has a complex time building on the support at $2,400 for gains above $3,000. In the last few days, the confluence resistance created by the 50 Simple Moving Average (SMA) and the 100 SMA has barred bulls from extending the price action higher. The downward force becomes apparent by the day with the immediate support at $2,400, vulnerable to immense losses. At the time of writing, Ether trades at $2,455 amid a developing bearish momentum.Read More (https://cryptonews.net/788731/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)