Ethereum slumped back under $3,000, but the 100-day support stopped the pulldown, allowing bulls to regain control.
Ripple bulls’ quest for trading above $1 and toward $1.4 is far from over.
Cryptocurrencies are in the red despite starting the week on a good note. Bitcoin closed in on $44,000 on Monday but closed the day near $42,000. The second-largest crypto-asset Ethereum almost brushed shoulders with $3,200 on the same day but traded marginally below $3,000 at writing.
Although key support areas have been defended almost across the board, for instance, BTC has $40,000; Ether has $2,650 and Cardano $2, investors remain skeptical regarding the uptrend.
Ethereum:-
The gigantic smart contract is trading at $2,965 after resting the demand zone in green on the daily chart. Ethereum nearly closed the gap to $3,200 on Monday but ran into acute resistance amid general market instability.
As bears pushed the price lower, it became difficult for bulls to sustain ETH above $3,100 and $3,00
Źródło: https://coingape.com/91379-2/
