$ETH
Yesterday, Bitcoin dropped below $80,000, dragging other cryptocurrencies down with it, including Ethereum.
$ETH has declined from $2,500 to around $2,200 this week. If the daily candle closes below $2,300 today, the bears could take control and push the price toward $1,800.
#Ethereum needs to reclaim and hold above $2,400 to strengthen its bullish outlook. However, the next move will largely depend on Bitcoin’s price action and macroeconomic news coming out of the US.
Yesterday, Bitcoin dropped below $80,000, dragging other cryptocurrencies down with it, including Ethereum.
$ETH has declined from $2,500 to around $2,200 this week. If the daily candle closes below $2,300 today, the bears could take control and push the price toward $1,800.
#Ethereum needs to reclaim and hold above $2,400 to strengthen its bullish outlook. However, the next move will largely depend on Bitcoin’s price action and macroeconomic news coming out of the US.