
Ethereum Slips, Will ETH Break Below Critical Support At $1,700?
Ethereum prices are lower when writing and ETH is trending near the psychological $1,700 level. Vitalik Buterin has forwarded three proposals.
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 prices are lower when writing and ETH is trending near the psychological $1,700 level. Vitalik Buterin has forwarded three proposals.
Polygon prices remain under pressure, dropping 60% from April highs. The United States SEC claims that MATIC is a security in its lawsuits.
Bitcoin (BTC) prices are stable on June 9, shrugging off the selling pressure of early this week.
Ethereum (ETH) prices soared on June 6, reversing losses and posting higher highs, as the daily chart shows.
Cardano (ADA) prices are about 10% higher from May 2023 lows but there could be more gains for ADA if there is a solid breakout above $0.38.
Bitcoin prices are on a recovery path. Still, there must be a sharp close above $28.3k for uptrend continuation.
Ethereum prices are lower when writing but remains in a bullish formation. This follows news that more ICO-era ETH are moving.
Tron remains bullish despite the current consolidation. With TRX burning, prices could find support and post more gains in the days ahead.
Bitcoin is down 13% from April 2023 highs but stable in the last trading day. Traders are closely watching events unfolding from the US.
Ethereum might be lower but the primary support is at around $1,800. If bulls reject today’s losses, ETH may recover toward $2,000.
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