This Could Fuel An Ethereum Rally Back To $1,700, Shorts Beware
Ethereum has almost made back the gains from previous weeks with yesterdays upside move and could be gearing up for another push above resistance. The second cryptocurrency by market cap is following the general sentiment in the market and seeing some relief after the influence of macro forces lessened, for the time being. At the time of writing, Ethereum (ETH) trades at $1,330 with a 9% profit in the last 24 hours and a 2% loss over the past week. In the crypto top 10, ETH is one of the best-performing assets along with Solana (SOL), and Bitcoin (BTC). Ang presyo ng ETH ay gumagalaw patagilid sa 4 na oras na chart. Pinagmulan: ETHUSDT TradingviewWill Ethereum Bulls Squeeze Out The Shorts? Yesterday, the crypto market experienced high volatility against the backdrop of the U.S. Consumer Price Index (CPI) report, the benchmark for inflation in this country. The metric printed an 8.2% for September, beating expectations, and pushing Bitcoin and Ethereum below critical support. After taking the liquidity to the downside, the market retraced back to the range that was chopping out short and long positions. According to a pseudonym trader, the volatility was unable to liquidate the sellers betting on further downside price action