Ethereum
Ethereum price prediction: $2.4K recovery or another liquidation driven retreat?
Ethereum’s recovery is an indication of a temporary halt to heavy selling activity in October and not a solid indication of renewed purchasing interest. Liquidation events occurring in the last week of October were responsible for pushing Ethereum [ETH] down to $2,177.45. At that point, the selling, which had been forcing prices downward, seems to be easing. Subsequently, buying pressure lifted the price to $2,339.36, up by 2.28%. Nonetheless, the overall trend in ETH, as shown by the four-hour chart, continues to be comprised of lower highs and lower lows. Therefore, this simply implies sellers are clearly still in charge. Now the...
AMBCrypto4 min read
