bitcoinist.com (nprofile…x94c)
✍️ The Ethereum cryptocurrency is experiencing a setback, with some analysts predicting a correction phase due to overbought conditions and profit-taking.
👉 Ethereum is experiencing a setback, with some analysts predicting a correction phase
👉 Overbought conditions and profit-taking by retail and institutional investors may be contributing to the decline
👉 Ethereum is close to a critical resistance area at the $3,600 price level
👉 A correction phase could create new strong support levels and fortify the asset's base for future price expansion
👉 Captain Faibik predicts a mid-term price target for Ethereum at the $5,450 level
#CaptainFaibik #neutral #technology
quotingbitcoinist.com (nprofile…x94c)
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Negative sentiment is gradually growing in the general crypto market once again, with major digital assets like Ethereum, the second-largest cryptocurrency, witnessing a notable setback that led to a slowdown of its renewed upside price momentum. Due to the sudden drop, several crypto analysts believe that the altcoin could face an extended bearish movement shortly. Ethereum Set […]
https://bitcoinist.com/ethereums-rally-loses-steam-citing-brief-correction/