IITMIND: EdTech, Finance and Crypto currencies



Recently, the ETH price even spiked above the $2,400 level and settled above the 100-hourly Simple Moving Average. A high was formed near $2,348 and the price is consolidating gains. There was a minor bearish wave below the $2,300 level. However, Ethereum is still above $2,250 and the 100-hourly Simple Moving Average.

If Ethereum fails to clear the $2,320 resistance, it could start a fresh decline. Initial support on the downside is near the $2,275 level or the 100-hourly Simple Moving Average and the channel trend line. The next key support is $2,167.

A downside break below $2,120 might start another major decline. In the stated case, ETH could revisit the $2k support. However, at the time of writing this article, ETH is trading at around $2,254 with a market cap of $271 Billion.

>> Disclaimer Risk warning:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.

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