Ethereum
ETH was fighting to stay above $3,000 on Wednesday, as its price was also marginally lower than that of yesterday’s peak.
On Wednesday, ETH/USD fell to an intraday low of $3,005 following the earlier high of $3,080, which sees the price down 2.10% as of writing.
Despite this drop, bulls seem to still be unmoved by the uncertainty of prices, and could even look to send ETH back towards resistance.
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000, Some Anticipating Drop to $30,000
This short-term resistance is at the $3,145 level, and with historical bullish sentiment around the current floor of $3,050, we may see a rebound.
However, looking at the chart, a cross of the 10-day and 25-day moving averages has occurred, which could be a sign that momentum may indeed be bearish.
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