Ethereum Retests Q1 2022 Lows but Will ETH Slip to $1.8k?
Ethereum hasn’t been spared the drawdown of early this week, reading from the formation in the daily chart.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Ethereum hasn’t been spared the drawdown of early this week, reading from the formation in the daily chart.
LUNA prices are still in red at spot rates. Like the rest of the cryptocurrency market, the coin is under immense selling pressure, sliding 24 percent
Bitcoin tumbled on May 5, sliding below crucial support levels in the daily chart. The dump forced BTC down nine percent in the previous week-to-trading.
Ethereum is stable when writing though buyers are not out of the woods yet.
Avalanche, aligning with the general trend of the crypto market, is under immense selling pressure.
Bitcoin prices are resilient, firm against the wave of intense selling pressure, and stabilizing within the trend-defining bar of early this week.
The Ethereum price has not been spared from the crypto dip.
Polygon, much like the rest of the cryptocurrency market, is flat and could post deeper losses in the sessions ahead. Currently, the MATIC price is tethered
Bitcoin briefly had their best foot forward before cratering in the New York Session.
The Ethereum price is up roughly seven percent in the previous trading week, a positive development following worrying losses early last week.
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