Skip to main content

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

Exchange BTC

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Сайт та всі послуги StormGain доступні також українською мовою.

Перейти