TA- Price Of Ethereum Struggles To Hold $1,700, Are Bears Taking Over?

TA- Price Of Ethereum Struggles To Hold $1,700, Are Bears Taking Over?

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TA- Price Of Ethereum Struggles To Hold $1,700, Are Bears Taking Over?

NewsBTCa month ago
EthereumEthereum
TetherTether
BitcoinBitcoin
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Published on August 19, 2022 13:30 GMT+00:00edited on August 20, 2022 07:59 GMT+00:00

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The price of Ethereum (ETH) has struggled against Tether (USDT) in the past few days, with more downtrend than the bullish sentiment seen in recent weeks. 

Despite outperforming Bitcoin (BTC) in recent weeks, the price of Ethereum has found itself in key zones that would decide its major move.

Ethereum (ETH) Price Analysis On The Weekly Chart Weekly ETH Price Chart | Source: ETHUSDT On Tradingview.com

From the chart, the price of ETH saw a weekly low of $1,020, which bounced from that area and rallied to a price of $2,000 after showing great recovery signs in recent weeks. 

ETH weekly candle closed with a bullish sentiment, with the new week’s candle looking bearish for the price of ETH as it continued to decline in price to a region of $1,800 after facing rejection from the $2,020 …