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ETH UPDATE:-Ethereum (ETH) was also subjected to the bearish onslaught, as the token fell below $1,600 the day before the anticipated start of The Merge event.
Less than 24 hours after hitting a high of $1,637.05, the world’s second-largest cryptocurrency dropped to a bottom of $1,446.03 on Wednesday.
The drop in ETH/USD sees the token hit its lowest point in the last week, taking it close to a long-term floor of $1,550.
Bulls have so far resisted a breakout below this point, with many choosing to reenter and buy the current dip.
As of writing, Ethereum is trading at $1,475.08, with bulls likely hoping to take prices back above $1,600.
Many still expect that ETH will rally in upcoming days, remaining optimistic about tomorrow’s Merge, and the long-term implications it could have.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
ETH UPDATE:-Ethereum (ETH) was also subjected to the bearish onslaught, as the token fell below $1,600 the day before the anticipated start of The Merge event.
Less than 24 hours after hitting a high of $1,637.05, the world’s second-largest cryptocurrency dropped to a bottom of $1,446.03 on Wednesday.
The drop in ETH/USD sees the token hit its lowest point in the last week, taking it close to a long-term floor of $1,550.
Bulls have so far resisted a breakout below this point, with many choosing to reenter and buy the current dip.
As of writing, Ethereum is trading at $1,475.08, with bulls likely hoping to take prices back above $1,600.
Many still expect that ETH will rally in upcoming days, remaining optimistic about tomorrow’s Merge, and the long-term implications it could have.
This is not a piece of financial advice. All investment made by me is at my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
