Ethereum

April

Coin

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 <li>ETH might need to overcome the $1,870 psychological area to revisit the $2,100 region.</li> 
 <li>The token’s volume has decreased, and the MFI closed in on the overbought point.</li> 
 <li>ETH’s directional strength was weak, pushing the coin further into a consolidation period.</li> 
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 <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a>, the second-largest cryptocurrency by market capitalization, could set its sights on reclaiming the $2,100 level. On-chain analyst Ali Charts pointed this out after highlighting the support and resistance levels that could affect the move toward the price mentioned above. 
 According to Ali, ETH had found stable support between $1.800 and $1,870. The analyst added that the accumulation of 11.2 million ETH was responsible for the stability. However, he also mentioned the $2,040 to $2,100 range was <a href="https://coinedition.com/crypto-analyst-explains-why-ethereum-is-at-a-critical-point/" rel="noopener noreferrer nofollow">significant</a> if ETH’s price was to increase. ETH had failed to revisit the $2,100 region since April 19 due to the reduced accumulation. 
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 Notice that <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> sits on top of stable support between $1,800 and $1,870, where 3.4 million addresses bought 11.2 million <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>. However, the resistance between $2,040 and $2,100 is more significant. Here, 1 million addresses had previously purchased 27… 
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 The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ethereum-eth-needs-to-jump-some-barriers-to-reclaim-2100/">Ethereum (ETH) Needs to Jump Some Barriers to Reclaim $2,100</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.
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Ethereum (ETH) Needs to Jump Some Barriers to Reclaim $2,100

Coin Edition

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