RATE Group | Ethereum [ETH] Technical Analysis: Bears lead in the market race
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Ethereum [ETH] Technical Analysis: Bears lead in the market race

23 Dec Ethereum [ETH] Technical Analysis: Bears lead in the market race

Posted at 05:08h in Ethereum News by

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The cryptocurrency market has been spiking all week, leading to some major changes in the standing of many coins like Bitcoin Cash [BCH], EOS, and many others. However, Ethereum [ETH] has spiked by 28.68% in the past seven days, maintaining its third position on the top-10 cryptocurrency list.

At the time of press, the coin was valued at $108, with a market cap of $11 billion, according to CoinMarketCap. The coin registered a 24-hour trade volume of $2 billion, with a 5.13% slip. Even though the market flourished over the week, it seems to come back to new normalcy with a slow and gradual fall. The coin registered a fall of 0.10% over the past hour, at the time of press.

1-hour

Source: Trading View

Source: Trading View

As per the one-hour chart, the coin registered a downtrend from $117.75 to $115.67 which further fell to $107.27. A significant uptrend was reported from $86.01 to $115.50. The coin registered a resistance at $117.75, with strong support at $106.03.

Awesome Oscillator predicts a bullish…

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