Ethereum Price Rally Stalls – Is A Deeper Correction Now On The Horizon?
Ethereum price failed to extend gains above $4,750 and declined. ETH is now consolidating and might struggle to rise above $4,600 in the short term. Ethereum started a downside correction below $4,620 and $4,600. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,420. Ethereum Price Corrects Gains Ethereum price extended gains above $4,600 and $4,620, like Bitcoin. ETH price even....
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Ethereum is currently undergoing a price correction, slipping below key levels as selling pressure grows across the broader market. Despite this pullback, institutional interest in ETH remains resilient, with major players continuing to add aggressively to their holdings. Analysts have raised the possibility of a deeper correction, pointing to mounting volatility and the inability of […]