menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Ethereum (...
source image

TronWeekly

1M

read

431

img
dot

Image Credit: TronWeekly

Ethereum (ETH) Buy-Sell Ratio Drops, Raising Odds of Near-Term Correction

  • Ethereum's Taker Buy-Sell Ratio 14-day average has decreased, indicating increased selling activity.
  • Key resistance for Ethereum remains at $2,700, while strong support is seen around $2,200 if selling pressure persists.
  • Analyst Ted Pillows identifies a bullish pattern on the 12-hour chart, with a close above $2,700 potentially triggering a move towards $3,000.
  • Market analysis reveals that Ethereum is trading under a strong resistance zone, with uncertainty about a clear direction, as futures data offers insights into potential future movements.

Read Full Article

like

25 Likes

For uninterrupted reading, download the app