ETH/USD 4-hour chart: ETH to retrace before more upside ??
Good Evening Everyone
The cryptocurrency market mostly saw bullish pressure over the last 24 hours. The market leader, Bitcoin, gained 0.93 percent, while Ethereum lost 0.22 percent shortly after setting a new all-time high.
Ethereum price movement in the last 24 hours: Ethereum rallies above $4,400, selling pressure returns shortly after
ETH/USD traded in a range of $4,295.42 – $4,455.74, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 29.5 percent and totals $17.6 billion, while the total market cap trades around $509 billion, resulting in market dominance of 19.42 percent.
On the 4-hour chart, we can see Ethereum price moving lower again as bulls are exhausted after setting a slightly higher high yesterday.
After some initial resistance, the Ethereum price finally broke higher, setting a new all-time high at $4,460. However, bearish momentum quickly returned, sending the market back below $4,400 overnight. ETH/USD likely will continue lower over the next 24 hours as a new higher low needs to be set before more upside can be reached.
Support with like and comment .
Enter the market with confidence and trade base on your knowledge is the Key to success.
Happy Trading
Boon weekend
The cryptocurrency market mostly saw bullish pressure over the last 24 hours. The market leader, Bitcoin, gained 0.93 percent, while Ethereum lost 0.22 percent shortly after setting a new all-time high.
Ethereum price movement in the last 24 hours: Ethereum rallies above $4,400, selling pressure returns shortly after
ETH/USD traded in a range of $4,295.42 – $4,455.74, indicating a moderate amount of volatility over the last 24 hours. Trading volume has declined by 29.5 percent and totals $17.6 billion, while the total market cap trades around $509 billion, resulting in market dominance of 19.42 percent.
On the 4-hour chart, we can see Ethereum price moving lower again as bulls are exhausted after setting a slightly higher high yesterday.
After some initial resistance, the Ethereum price finally broke higher, setting a new all-time high at $4,460. However, bearish momentum quickly returned, sending the market back below $4,400 overnight. ETH/USD likely will continue lower over the next 24 hours as a new higher low needs to be set before more upside can be reached.
Support with like and comment .
Enter the market with confidence and trade base on your knowledge is the Key to success.
Happy Trading
Boon weekend
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