Cryptocurrency News

Ethereum 1K price support in danger

2022.06.30 19:25

Ethereum 1K price support in danger
Ethereum 1K price support in danger

Ethereum’s native token Ether (ETH) fell on the final trading day of Q2/2022, trading in sync with riskier assets amid persistent fears of higher inflation and rising interest rates. And it could result in further declines heading into Q3.

ETH’s price plunged nearly 5% this June 30 to $1,044 following a four-day losing streak. The ETH/USD pair has also broke below its interim rising trendline support, which in conjugation with a horizontal trendline resistance to the upside, constitutes an “ascending triangle” pattern.

 

Ethereum 1K price support in danger

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