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Ether potentially eyeing same support level as BTC

24 Apr, 2023

The week before last, Ether (ETHUSD) managed to extend its recent gains above $2,000, to as high as $2,141. That high was set on April 16. However, and for the most part since then it has been a different story. The price action has been to the downside for most of last week and again today. Ether fell back to as low as 1828 earlier this morning and just like its bigger cousin, BTC it is dropping very close to testing its 50 day moving average too. Right now that is in place at 1,799.10. The low seen so far today (at 1828.25) has therefore come pretty close to reaching this important technical support level. It would be worth noting at this point; that Ether has been north of its 50 day moving average since March 14. ETHUSD is currently trading at 1837.70

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Previous article

Ether also crumbles

19 Apr, 2023

Following on from the previous update on the most recent price action in Bitcoin, it should be noted that at the same time, there was a similar shunt lower in Ether (ETHUSD).

Next article

Ethereum (ETHUSD) edges off session lows

31 May, 2023

It has been a while since the last update here on Ethereum (ETHUSD), but I shall be focusing a little more on this one in the near future. The range since that previous update has been essentially covered by $1800 to $2,000.