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Criptovalute:  7,186Mercati:  30,048Cap. del mercato:  $346,701,228,669Vol 24h:  $109,024,691,613Dominanza BTC:  57.6%
Cap. del mercato:  $346,701,228,669Vol 24h:  $109,024,691,613Dominanza BTC:  57.6%Criptovalute:  7,186Mercati:  30,048

Ethereum May Be Forming a Textbook Top Despite Bounce From $360 Lows

Ethereum May Be Forming a Textbook Top Despite Bounce From $360 Lows

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Ethereum May Be Forming a Textbook Top Despite Bounce From $360 Lows

Bitcoinist1 month ago
Published on August 08, 2020 09:00 GMT+0edited on August 08, 2020 11:34 GMT+0

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  • On Friday, Ethereum plunged lower as the price of gold and stocks dived.
  • The markets were hurt by news that the plan for the next U.S. stimulus bill fell through, though President Trump stepped in with executive orders.
  • ETH hit a low of around $360 during Friday’s trading session.
  • Ethereum has since bounced back to $390 as of this article’s writing, buoyed by altcoins.
  • Analysts think that the cryptocurrency may be nearing a top, though. They cite technical chart patterns.

Ethereum May Be Printing a Textbook Adam & Eve Top: Analyst

Ethereum is setting itself up for a drop towards the low-$300s, say a number of analysts after recent price action.

One cryptocurrency trader shared the chart below on August 7th. It shows that ETH’s recent price action since the end of …