Despite 10% Drop From Highs, Ethereum Holds Pivotal Moving Average

Despite 10% Drop From Highs, Ethereum Holds Pivotal Moving Average

From Monday to Wednesday, Ethereum suffered the first strong correction seen in a few weeks. The asset slipped from the highs of $440, set the week before, to approximately $395, a drop of around 10%.

This drop was worse than that of Bitcoin. The leading cryptocurrency only lost 8% from its local highs, with bears disallowing BTC from holding above the pivotal $12,000 price level.

Many analysts…

View On WordPress

Sending
User Review
0 (0 votes)