Ethereum holds steady at $3.1K, unable to break past this barrier.
The market witnessed a liquidation of $23.93 million in Ethereum.
The recent crypto market rally, driven by Bitcoin’s new all-time high, has fueled a positive market sentiment. Consequently, traders shifted focus to Ethereum, which initially outperformed other altcoins. However, Ethereum faced criticism as it lagged, unable to reach higher levels.
Analysts predict Ethereum might explode after breaking steadily above the crucial $3.3K mark. In the coming days, it will be crucial for Ethereum to soar above $3.1K, as the asset has formed a bearish reversal signal.
The largest altcoin has spiked 0.44% over the past 24 hours. With the ongoing bearish price action, ETH chose to trade on the downside. At press time, Ethereum is trading at $3,118, with its market cap resting at $375 billion.
Notably, the asset has dipped to a low of $3,044 and jumped to a high of $3,160. And the market observed a liquidation
We współpracy z: https://thenewscrypto.com/is-ethereum-eth-setting-up-for-a-trend-reversal/
