ETH is down around -2% over the last week
ETH Price has been held up by 300MA
ETH Price has formed a month long ascending channel
Solana Outage Proves Ethereum Still Best In Game?
Ethereum has surely been the motherboard of web3 over the last year as nearly all DeFi & NFT projects have some relation to the Ether blockchain. Price performance has been overall flat the last 60 days but we can look at this as a time of consolidation for ETH to prep itself for another push to all time high. Even though most of the Dapps are built on ETH, the blockchain itself has many limitations in its current state as fees are tremendously high along with speed & scalability issues.
Over the last few months, we have seen blockchains like Avalanche & Solana pave their way into this booming market.
Ever since ETH price broke over the $2927 level, it has used it as support. This break occurred nearly 45 days ago & ever since, ETH has been consolidating In a near horizontal fashion, above t
Źródło: https://coingape.com/ethereum-attempts-to-hold-multi-week-resistance-as-support/
