Friday, April 19, 2024

Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection By Cointelegraph

189
SHARES
1.5k
VIEWS
Sign up an get up to $1000 USDT!


Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

Ethereum’s native token Ether (ETH) tumbled on July 26, lowering hopes of an prolonged price restoration. The pair dropped by roughly 5%, adopted by a modest rebound to over $1,550.

These in a single day strikes liquidated over $80 million price of Ether positions within the final 24 hours, information from CoinGlass reveals.

Related articles

ETH/USD hourly price chart. Supply: TradingView
ETH/USD four-hour price chart that includes ascending channel setup. Supply: TradingView
ETH/USD four-hour price chart that includes bearish divergence. Supply: TradingView