At the time of writing, ETH is trading at $2517, down 0.98% in the last 24 hours.
If the price manages to go above $2611 level, then it will likely test $2659 resistance level.
A significant amount of the Bitcoin (83%), Ethereum (84%), and XRP (81%) supply is profitable, according to a recent publication by Santiment. Movements outside of the 55–75% range have traditionally been seen as low risk, while those within the range have been seen as average.
The PSP indicator tracks the portion of the entire supply that is in profit. Observing the price path of Bitcoin throughout the two prior market cycles indicates an intriguing feature. As an example, a substantial correction ensued the first time PSP rose over 80 after the trough.
According to the most recent analysis from Singapore-based cryptocurrency asset trading firm QCP Capital, there is a good chance that Ethereum (ETH) will soon see substantial increases due to speculation of an spot Ethereum exchange-traded fund (ETF) being app
We współpracy z: https://thenewscrypto.com/ethereum-faces-bearish-pressure-as-brief-correction-underway/
