Ethereum continues to trade within the $3.1K range.
The market saw a liquidation of $70.43 million in Ethereum.
After a brief recovery from the bear trap, Bitcoin moved toward the $105K mark. However, the largest altcoin, Ethereum (ETH), seems reluctant to follow suit, pointing to a potential pullback.
Ethereum price has battled to advance higher above $3.2K but failed and slipped back. ETH is now consolidating losses and in the early hours, before the appearance of bulls, it has dipped to the $3,055 level. Later, the asset has visited its daily high of $3,213.
ETH has a modest spike of over 1.31% in the past 24 hours, and it opened the day trading at $3,131. As of this writing, the altcoin traded at $3,185 with its daily trading volume reaching $24.22 billion. Notably, the market has observed a liquidation of $70.43 million worth of Ethereum.
On the other side, the Ali chart infers Ethereum’s MVRV has fallen below its 160-day moving average again. The last time th
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