Ethereum Price Analysis: ETH Must Reclaim These Levels to Reverse Bearish Momentum
- Ethereum is struggling to regain momentum, currently trading around $2.25K, with buyers defending the critical $2.2K support level after a failed breakout attempt.
- The asset has broken below its ascending channel, indicating a deterioration in medium-term structure, and needs to reclaim $2.5K to restore bullish sentiment.
- On-chain analysis shows a significant drop in network activity, with the Transactions Between EOA metric falling to around 560K, suggesting a lack of strong demand and leaving the $2.2K support as crucial for buyers.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$ETH
#Ethereum #Crypto
- Ethereum is struggling to regain momentum, currently trading around $2.25K, with buyers defending the critical $2.2K support level after a failed breakout attempt.
- The asset has broken below its ascending channel, indicating a deterioration in medium-term structure, and needs to reclaim $2.5K to restore bullish sentiment.
- On-chain analysis shows a significant drop in network activity, with the Transactions Between EOA metric falling to around 560K, suggesting a lack of strong demand and leaving the $2.2K support as crucial for buyers.
Nguồn: CryptoPotato
🌍 Cập nhật bởi GemCrypto
$ETH
#Ethereum #Crypto
