2 weeks ago

Ethereum Price Hits Critical 5Y Volume Support Zone: Is a Multi-Month Reversal Setting Up?

TLDR: Ethereum is testing a major five-year high-volume node between $1,850 and $2,000 on the monthly chart. The latest monthly candle prints a long lower wick, signaling active defense by larger market participants. ETH structure remains heavy with lower highs from $4,000, keeping resistance firm between $2,700 and $3,600. On-chain transaction data mirrors the 2017 [...]

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Source: Blockonomi →