US EditionEthereum at Risk of Major Drop as Bulls Lose Steam
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Ethereum at Risk of Major Drop as Bulls Lose Steam
Ethereum (ETH) is under mounting pressure as its price slips to $2,508, hovering precariously above the critical 200-day EMA. Historically a strong support level, the 200 EMA now represents the last line of defense for bulls. However, current price action shows signs of weakness, and a sustained hold at this level seems uncertain. ETHs bullish momentum from April and May has faded, with the asset moving sideways within a narrow channel. The rece…
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