Unfortunately for Ethereum investors, the price of the second biggest cryptocurrency is on a critical level following a correction on the crypto market
plunge stopped and entered a local consolidation channel. The deceleration of the drop is a positive sign for the market, showing a lack of selling pressure that would push the asset further.
Another reason behind the unexpected stop could be tied to the weekend trading session known for its lack of trading volume. The real intentions of traders and investors will be shown Monday when the U.S. and European markets are open. To enter a recovery rally, Ethereum would need an immediate bounce from the values we see now, which would make the recent 15% drop just a shakeout ahead of a sped up price increase.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Will Happen to My Ethereum After The Merge? | Binance BlogIf you are an $ETH HODLer, this article is for you. Here’s what you can expect from the upcoming Ethereum merge and how you can prepare for it.
Read more »
Who accepts Ethereum as payment?What makes Ethereum a reliable mode of payment? Find what makes Ether qualify as money, its advantages and the process of accepting ETH payments.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Recent Declines During Saturday’s Session – Market Updates Bitcoin NewsThis week’s sell-off in cryptocurrency markets worsened on Saturday, with bitcoin falling below $21,000 for the first time in nearly a month.
Read more »
Guardians Rally 5-2 Over White Sox, Triston McKenzie Strikes Out 14The Cleveland Guardians rallied for an important win over the Chicago White Sox.
Read more »
Ethereum Merge: Educational Curve and Potential RisksEthereum is expected to move from proof-of-work to proof-of-stake in September, reducing energy consumption by 99.95%. Vega blockchain researcher Klaus Kursawe shares insights on how to navigate through the educational curve. Plus, advice from Prysmatic Labs Co-founder Preston Vanloon and QCP Capital Co-Founder Darius Sit on avoiding the potential risks if the merge goes south.
Read more »