Ether (ETH) rose 11.3% between Nov. 28 and Dec. 5, peaking at $1,300 before facing a 4.6% rejection. The $1,300 resistance level has held for twenty-six days and is the most likely explanation for the correction to $1,240 on December 6th. Ether/USD price index, 12 p.m. Source: Trading View So on the one hand, traders …
3 Reasons Why Ethereum Price Keeps Rejecting at the $1,300 Level Read More »
This week in parts. Illustration by Mitchell Preffer for Decrypt. If last week was a mixed bag flatness for the largest parts, this week offered the first real signs of gains from the disaster of FTX spiraling into bankruptcy. Bitcoin (BTC) has risen 2.7% in the past seven days and is currently trading at around …
Ether (ETH) rose 5.5% in the early hours of November 29, reclaiming critical support at $1,200. However, when looking at a broader timeframe, the negative performance of 24% over the past 30 days has a significant impact on investor sentiment. Additionally, investor sentiment soured after BlockFi filed for bankruptcy on Nov. 28. News flow remained …
Ethereum Derivatives Look Bearish, But Traders Think ETH Bottom Is In Read More »
