Ethereum Showing Volatile Movements -
If we can break above there, then it’s likely that we could go to the $1800 level, where we have a lot of supply. Ethereum got a bit of a bounce based upon “The Merge” coming in September, but quite frankly we have seen that story before. It’s very likely that we see a situation where the market is very possibly going to see a bit of disappointment down the road. After all, the update to Ethereum is moving at a snail’s pace.
Alternately, if we start falling from here the $1400 level will more likely than not end up being a potential support level, especially as thesits just below it. Because of this, I think we have a scenario where the market could find itself trying to break back down into that previous consolidation box marked on the chart.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum Name Service collector buys sony.eth ENS for $72,000The Ethereum Name Service (ENS) domain sony.eth has been purchased for 48 ETH (72,000) by an ENS collector called sunnybay.eth.
Read more »
ETH and DeFi 1.0 Lead the Market as Ethereum 2.0 Merge Narrative IntensifiesETH and DeFi 1.0 are going strong as the Ethereum 2.0 Merge keeps going with full steam ahead.
Read more »
EUR/USD Forecast: Strong Bear Market Bounce Lifts EuroThe euro rallied rather significantly on Monday to reach to the 1.02 region.
Read more »
As The Merge Gets Closer, Ethereum's Hashrate Dropped Over 26% Since the Network's All-Time High 45 Days Ago – Mining Bitcoin NewsETH mining data indicates that around 18.21% of Ethereum’s hashrate loss took place 18 days ago, after June 30, 2022.
Read more »
Finder's Experts Predict Ethereum Falling to $675 — Long-Term ETH Predictions Lowered Considerably – Markets and Prices Bitcoin NewsA panel of experts expect ethereum to fall to $675 before ending the year at $1,711 and rising to $5,739 by 2025 and $14,412 by 2030.
Read more »
GBP/USD Forecast: Pound could stage downward correction if 1.2000 failsGBP/USD has failed to preserve its bullish momentum early Wednesday and started to fluctuate in a tight channel near 1.2000. The souring market mood c
Read more »