Ethereum price analysis: ETH tests $1,600 again, swift selling next?
Ethereum price analysis is bearish today as we have seen another lower local high set below $1,600 after further lows set earlier in the week. Therefore, ETH/USD should drop even lower and look to break past the $1,500 support over the weekend. Mapa ng Cryptocurrency heat. Pinagmulan: Coin360 The market has traded in the green over the last 24 hours. The leader, Bitcoin, gained 2.25 percent, while Ethereum gained 3.28 percent. Meanwhile, the rest of the market saw slightly bigger gains. Nakipag-trade ang ETH/USD sa hanay na $1,526.73 hanggang $1,590.85, na nagpapahiwatig ng malaking pagkasumpungin sa nakalipas na 24 na oras. Ang dami ng kalakalan ay bumaba ng 39.6 porsiyento, na may kabuuang $14 bilyon, habang ang kabuuang market cap ay nakipagkalakalan sa humigit-kumulang $193.6 bilyon, na nagreresulta sa market dominance na 18.83 porsiyento. On the 4-hour chart, we can see slight reaction from the $1,600 resistance, likely leading to further selling overnight. 4-oras na tsart ng ETH / USD. Pinagmulan: TradingView Ethereum presyo action has seen a strong swing high set over the course of November. The current swing high at $1,650 was reached last Saturday after another quick push high followed last Friday. Since then, ETH/USD has retraced with steady momentum. A Series of lower