ETH Price Slide Halts as Bulls Step In: Is Positive Momentum Ahead?
In the previous 24 hours, negative momentum has dominated the Ethereum (ETH) market, with the price sliding from a 24-hour high of $1,916.57 to an intraday low of $1,860.37. As of press time, the ETH price was still falling, valued at $1,867.77, a 2.48% drop from its previous closing. During the bear reign, ETH’s market capitalization declined by 2.46% to $224,578,660,438, while its 24-hour trading volume increased by 31.79% to $6,326,071,731. This spike in volume shows that investors are seeking to make the most of the present market circumstances and cash in on the recent decline of ETH. ETH/USD 24-hour price chart (source: CoinMarketCap) The Bollinger bands on the ETHUSD 2-hour price chart are broadening, showing the heightened volatility in the market. As the price of Ethereum fluctuates, this might suggest a possible breakout in either direction. The top band and lower one contact at $1925.50 and $1865.46, respectively, demonstrate this motion. H...