The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
To top it up, the $1,648 ceiling undermined the recent jump above this trendline by reigniting the bearish pressure. Consequently, ETH fell below the limitations of its 20 EMA and the 50 EMA . On the other hand, an immediate revival above the pattern could affirm a near-term bullish resurgence. The first major resistance level for the buyers would lie near the trendline resistance and the 20 EMA near the $1,337 region.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lido Finance: A-Z of how the liquid staking platform fared in the last 2 weeksLido Finance recorded an all-time high for its Ethereum staking APR. This was due to a spike in MEV rewards on the liquid staking platform. The collapse of FTX led to a drop in TVL and Curve reserves on Lido Finance Leading Ethereum [ETH] staking platform Lido Finance [LDO] clinched an all-time high of 10.21% […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
ApeCoin: Gauging if this reversal beholds any opportunities for APE investorsDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. ApeCoin saw a bearish patterned break as the sellers expedited their pressure over the last few days. The crypto’s network growth and MVRV marked a slight improvement. Soon after touching its ATH levels in April […]
Source: CryptoAmb - 🏆 22. / 68 Read more »
XRP bulls could face an uphill battle to climb above $0.4 and this could be the reasonDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The $0.4-$0.42 was a significant area for bulls to keep an eye on Another lower timeframe range formation could be in progress XRP had a good start to November as it climbed from $0.44 to […]
Source: CryptoAmb - 🏆 22. / 68 Read more »