Ethereum

<ul><li>Ethereum faced strong resistance at $3,400 and $3,432 despite initial bullish sentiment.</li><li>SEC&#39;s ETH 2.0 investigation closure had a mixed impact on price, with a sharp decline following initial optimism.</li><li>Significant whale transactions to Coinbase suggest ongoing institutional interest and market liquidity.</li></ul>Ethereum (ETH) experienced a dynamic trading day, closing at<a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow"> $3,384.14</a> with a 1.43% decline, following a fluctuating price trend characterized by notable peaks and troughs. Initially, the cryptocurrency surged to a peak of $3,432 before encountering a sharp decline, marking a significant drop in value. Subsequently, ETH stabilized within the $3,375 to $3,400 range amidst fluctuating market conditions.Key support levels emerged during the day&#39;s trading, with $3,375 standing out as a resilient support zone, tested multiple times during market fluctuations. A critical support level was also identified at $3,350, representing the lowest point observed on the charts. On the resistance front, Ethereum faced notable barriers at $3,400, where several attempts to breach this level were thwarted and at the initial peak of $3,432.Market indicators reflected the day&#39;s volatility, with Ethereum&#39;s market capitalization declining to $406.72 billion, down by 1.42%, and trading volume decreasing by 7.50% to $11.47 billion over 24 hours. The volume-to-market-cap ratio remained steady at 2.83%, indicating active trading despite the price fluctuations.<a href="https://cryptotale.org/ethereum-faces-resistance-at-3400-amidst-etf-speculation-whale-move/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Faces Resistance at $3,400 Amidst ETF Speculation & Whale Move

CryptoTale

Andre artikler udgivet 1. jul. 2024

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