ETH Consolidates Below $1,700; Is Correction Waiting? - BitcoinEthereumNews.com
EthereumPinagsasama-sama ng ETH sa ibaba $1,700; Naghihintay ba ang Pagwawasto?07 / 30 / 2022Balita ng Ethereum ng Bitcoin Nai-publish 6 oras na ang nakakaraan Ang Pagsusuri ng presyo ng Ethereum shows a lackluster movement for the day. As the price continues to slide in a very narrow trading range for two consecutive sessions. The price surged 33% since July 26 and tests the highs of $1,792 on Thursday. Since then ETH has been consolidating near the higher levels. However, as the weekend sets in the average trading volume drop adding to the ongoing sideways movement as investors are avoiding any aggressive buying activity near the resistance level. As of publication time, ETH/USD is reading at $1,683, down 2.39% for the day. The 24-hour trading volume of the second largest cryptocurrency dropped 20% to 21,176,806,581 as per the CoinMarketCap data. The price is trading above the critical moving average crossovers indicating the strength in the current price movement. Buyers must hold $1,700 to make another leap toward $2,000 possible. ETH price edges lower following the previous sessions consolidation. However, the buyers are expected to remain in action as the trading volume drops with a decline in price. A daily candlestick below $1,650 would be a warning sign