Ethereum Technical Analysis: ETH Prices Mainly Unchanged to Start the Weekend

in hive-101145 •  3 years ago 

Ethereum
ETH was also mainly unmoved during Saturday’s session, as the world’s second-largest cryptocurrency was tracking close to its price support.

Following an earlier low of $3,001.12, ETH/USD only marginally rose, hitting a peak of $3,046.20 as of writing.

This peak is around 0.49% higher than yesterday’s low, and sees price once again fail to make any significant gains following losses during the week.

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Since the beginning of the year, the price of ETH traded close to this $3,000 support level on four occasions, with bulls typically pushing prices higher.

On the occasions when price has traded around current level, we typically see no more than two days of consolidation, prior to a rally.

As of writing, prices are currently seeing the second day of consolidation, which could potentially tempt bulls to look at entries on Sunday.

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