Crypto Market Review: While $ETH and $MATIC are continuously moving upward, assets like $ADA are facing some serious resistance that causes further downward reversal
, who have been aiming at a market drop in the next few days, are in trouble, as they have to either fund their unprofitable positions or close at a large loss.Ethereum's price has been on a significant rise, surging by 12% in the last 48 hours. The second-largest cryptocurrency has finally reached a pivotal resistance level that will determine its direction in the near future.
This increased activity on the network is an indication that the Ethereum blockchain is becoming more popular among users and developers.in circulation. With the diminishing supply, the available offering on the market is shrinking, which can lead to an increase in the asset's price. This phenomenon has been observed before, and the same trend may occur in the future.Polygon has faced elevated liquidation volume following a 15% price surge in the last three days.
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