Bears Drag Ethereum Below $2,100 Support As ETH Withdrawals Cross $2 Billion
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Ethereum has found a lot of resistance after $2,100 as bears are ramping up their activities once more. The digital asset saw a good run last week following the Shapella upgrade given that withdrawals from the Ethereum Beacon contract were not as high as expected. However, the ETH withdrawals have increased over the weekend and the cryptocurrency is experiencing buy pressure that is keeping it below $2,100. Ethereum Withdrawals Cross $2 Billion Last week, the pending Ethereum withdrawals were around $1.6 billion, which worked out to around 3% of the total locked supply. However, the tide has now turned as
Ethereum price is struggling to gain strength above $2,100. ETH is consolidating above $2,000 and might start a fresh surge if it clears $2,100. Ethereum is showing positive signs above the $2,000 support zone. The price is trading above $2,010 and the 100-hourly Simple Moving Average. There is a connecting…
Ethereum price started a recovery wave above the $2,000 zone. ETH is now consolidating and facing hurdles near the $2,100 resistance. Ethereum started a recovery wave above the $2,000 level. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming…