After a small glimpse of hope, Ethereum prices sink again and break their strong support lower. Most cryptocurrencies in the market lost an average of ...
Is Ethereum undervalued or overvalued today? We recently saw a sharp drop in the value of Ethereum in 2022. Let's analyze in this Ethereum price โฆ However, it is important to note the next important price areas: However, in the past 24 hours, Ethereum prices crashed by 8% lower and reached a current price of $1,606. The Ethereum networkโs native token is Ether.
Lido Staked Ethereum (stETH), a staked, DeFi variant of Ethereum, has diverged sharply from the latter in the past 48 hours.
DeFi already appears to be feeling the heat. Currently, DeFi platform Celsius has locked a lot of customer funds into stETH, which are liable to redemptions. ETH prices tumbled over 11% in the past 24 hours. But if its price falls drastically, positions which have borrowed ETH using the token are susceptible to being liquidated. stETH does not have a direct link to ETH prices. By comparison, ETH is trading at $1,582.
Late Friday, Ethereum was once again feeling the pinch of the broader crypto market, trading below $1800, as prices retreated for the fourth consecutive.
Since the first half of last month the price of ETH has decreased in response to the descending trendline and has reached a new low of $1718. Multiple retests of this resistance indicate its significant impact on market players. In spite of Ethereumโs intraday low of $1,761, a review of the previous week reveals a 0.33 percent price growth. At the time of writing, ETH/USD has fallen to an intraday low of $1,761, less than 24 hours after reaching a high of $1,812.90. According to data from CoinMarketCap, the price of Ethereum has declined by more than 7 percent during the past 24 hours.
Ethereum price analysis is bullish today as we have seen a strong drop of over 10 percent resulting in a test of the next major support at $1550...
The $1,550 mark should continue offering support and likely is the new swing low from which retracement will follow over the next days. Ethereum price analysis is bullish today as we expect a quick reversal from the massive spike lower of over 10 percent. Ethereum price analysis is bullish today as we have seen a strong drop of over 10 percent resulting in a test of the next major support at $1,550. If the new swing low at $1,550 continues to hold later today, we expect a retracement to start overnight. ETH/USD traded in a range of $1,553.34 to $1,744.39, indicating strong volatility over the last 24 hours. Ethereum price action continued to trade in an increasingly tighter consolidation pattern over the past weeks.
Late Friday, Ethereum succumbed to the pressures of the broader crypto market. Prices dipped under $1800 for the 4th successive session.
Despite Ethereum trading low of $1,761, a look back over the last week showed a 0.33% price increase. The month of April has seen a slow start. This resulted in a steady but gradual drop.
ETH accounts for 13% of the crypto market and is the second-biggest cryptocurrency in popularity behind Bitcoin. The circulating supply was 121.1 million ETH.
ETH accounts for 13% of the crypto market and is the second-biggest cryptocurrency in popularity behind Bitcoin. ETH is well below its all-time high of $4,891.70. In the last week it has fallen by 14.04%. Data on Coinbase showed Ethereum was priced at $1,519.03 ETH to the US dollar at 12:20 pm New York time today, having fallen 11.53% in the past 24 hours.
ETH price action is seen inside a descending parallel channel on the daily price chart. Ethereum coin with bitcoin pair is trading at 0.05469 satoshis, down 7.4 ...
Similar to the USDT pair, the Ethereum coin with the Bitcoin pair is trading down 7.4% at 0.05469 satoshis. Similarly, the daily RSI is about to move into the highly oversold zone. Buyers will have to be patient for a bounce-back in Ethereum coin. Recently the bulls witnessed the latest low of 2022 as well as the 52-week low at $1545 mark, which would act as a short-term support level if the daily price candle closes above this level. Hence the bulls need to accumulate prices above this area as soon as possible. But still, a huge long unwinding may occur โ if ETH price breaks below the $1500 area.