IITMIND: EdTech, Finance and Crypto currencies



ETH bulls were in a pickle after failing to support the $3.7k demand zone this month. The $3.7k - $3.75k region had served as resistance back in April and the first half of may, but was breached and flipped to support in late May.

On-chain data showed a large amount of ETH was bought in the $2900 - $3050 zone, amounting to roughly 3M Ethereum. As the price approaches this level, the amount of holders at the money would increase, which means this region would be hard to break down.

The mean coin age has dramatically trended downward over the past month. This showed token movement across the network and distribution. Although, there was a strong sign of further bearishness. The MCA has to begin trending higher to hint at price recovery after ETF approval in 1st week of July.

As of now, at the time of writing this article, ETH is trading around $3,450, it has seen a growth of 2.83% in the last 24 hours, in its' price and currently has a market capitalization of $414.5 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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