Ethereum

<ul class="news-points"> 
 <li><strong>Cryptocurrency trader, analyst Ali revealed that there is a large supply wall in ETH’s order books.</strong></li> 
 <li><strong>According to the post, a vast amount of ETH positioned at $1,960 is preventing ETH from breaking out.</strong></li> 
 <li><strong>At press time, the altcoin was trading hands at $1,788.47 after a 3.15% price drop over the past 24 hours.</strong></li> 
</ul> 
<p>The cryptocurrency trader and analyst Ali revealed in an X post yesterday that there is currently a large supply wall hindering the chances of an <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum (ETH)</a> breakout. According to the post, there is a supply wall of around 33 million ETH at $1,960.</p> 
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   <p lang="en" dir="ltr">Wen <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> break out? <br><br>Well, you may need to wait for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> to overcome the huge supply wall at $1,960. Here, 1.14 million addresses bought nearly 33 million <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a>, according to <a href="https://twitter.com/intotheblock?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@intotheblock</a>. <a href="https://t.co/B2noPQbJPc" target="_blank" rel="nofollow">pic.twitter.com/B2noPQbJPc</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1717507868365078607?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 26, 2023</a>
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<p>The leading altcoin suffered slightly over the past 24 hours of trading. According to data from the cryptocurrency market tracking website CoinMarketCap, ETH recorded a 3.15% loss throughout the past day of trading. This brought the cryptocurrency’s price down to $1,788.47. Notably, the decrease in price was not enough to flip ETH’s weekly perfor…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/eths-breakout-chances-hindered-by-supply-wall-says-analyst/">ETH’s Breakout Chances Hindered by Supply Wall, Says Analyst</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH’s Breakout Chances Hindered by Supply Wall, Says Analyst

Coin Edition

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