2 weeks ago

Ethereum Faces Rising Risk of Pullback as Price Tests Key Resistance Near $1,920

TL;DR Ethereum is trading near $1,920, testing the upper boundary of its price channel. Previous encounters with this resistance have been followed by profit-taking and short-term corrections. The Fund Market Premium remains positive, indicating futures traders still maintain some bullish positioning. Fund volume has not increased significantly, suggesting the rally lacks strong new capital inflows. [...]

The post Ethereum Faces Rising Risk of Pullback as Price Tests Key Resistance Near $1,920 appeared first on Blockonomi.

Source: Blockonomi →