TrendsWide
[email protected]
Contact
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
TrendsWide
No Result
View All Result
Home Cryptocurrency

Ethereum Price Bearish Trend Can be Paused By Reaching These Levels

souhaib by souhaib
September 28, 2020
in Cryptocurrency
0
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter


Double Bottom Pattern Emerges – Will ETH Jump or Decline?

Due to increased selling pressure at $370, Ethereum broke down on several occasions, forming new support levels at $350. Moreover, a double pattern is showing up at the same level which needs to be cleared to dump the current bearish trend.

ETH resistance level

The bearish trend with resistance around $370 is formed which needs to be hit. If ETH touches $370 then, the path for $390 or might be above $400 would be clearly visible. Currently, it is mandatory for the digital asset to sustain above the support level of $350, failing to which it could revisit the $330 zone.

Also Read : Will Ethereum Overcome the Recession in 2020?

Ethereum Network Utilization Almost Full

Ethereum’s network utilization which is maintaining above 90 percent since May 2020, is on the verge of being overcrowded. Currently, 97.57 percent of the network is utilized, which indicates the gas fees is at its peak.

ETh ultilisation chart

Recently, the reports of the Societe Generale-Forge, a technology start-up of the French investment bank Societe Generale-Forge selecting Tezos blockchain over Ethereum has made rounds over the space.

The tezos blockchain was chosen to test the digital Euro experiment. However, they might have considered the congested network of Ethereum that would lead to lower transaction speed.

On the whole, ETH needs to maintain above the current support levels to clear the resistance levels formed surrounding $370. Once done, the bull rally for the digital asset above $390 would continue and probably surpass $400 also.

ADVERTISEMENT



Source link

ShareTweetPin
Previous Post

Insurance Fact Book

Next Post

Hyrule Warriors: Age of Calamity – First Gameplay Shows Young Impa, Combat and More

souhaib

souhaib

Related Posts

Cryptocurrency

Polkadot (DOT) Price and Chainlink (LINK) Price Rally

January 28, 2021
Cryptocurrency

Bitcoin SV (BSV) delisted by Australian largest crypto exchange

January 28, 2021
Cryptocurrency

Circle APIs just added support for ACH-based USDC payments

January 28, 2021
Next Post

Hyrule Warriors: Age of Calamity - First Gameplay Shows Young Impa, Combat and More

Armenia and Azerbaijan fight over disputed Nagorno-Karabakh

K-pop all-star 'Avengers' group SuperM talk influences, new full-length album

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Canelo Alvarez in talks for Christmas showdown with Caleb Plant

3 months ago

Victoria overreacted to Covid before a botched hotel quarantining program, CIS report finds

2 months ago

Hundreds of Casula Mall shoppers are exposed to coronavirus after centre visited by COVID case

1 month ago

Mini Makeup Brush Cleaner Device Simulation Automatic Cleaning Washing Machine for Sponge and Powder Puff Toy (Pink)

4 months ago

Categories

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Topics

bbc bbc health cnn ar business dailymail dailymail australia dailymail heath dailymail money dailymail sport day 7 euronews Health IGN rt arabic usa today usa today money usa today sport Women Fashion
No Result
View All Result

Highlights

Israeli website: Bahrain’s foreign minister surprised his Israeli counterpart with a message about Holocaust victims

Here’s why Terra (LUNA) price exploded today

Economy grew 4% in the fourth quarter as COVID-19 raged, consumers curtailed spending, contracted 3.5% in 2020

Belarus referred to the United Nations over jailing of journalists

The Division 2 Gets a Next-Gen Upgrade Next Week

UPIT Clogged Drain Spring Cleaner Snake Auger (50FT (15meter))

Trending

Deals

DREAM PAIRS Boys Girls Insulated Waterproof Winter Snow Boots

by souhaib
January 28, 2021
0

Price: (as of - Details) Product Description Adjustable elastic band There is an adjustable elastic...

GameStop rises ANOTHER 40% and Robinhood limits buying

January 28, 2021

Prince Mohammed bin Salman: Riyadh will be one of the largest urban economies in the world

January 28, 2021

Israeli website: Bahrain’s foreign minister surprised his Israeli counterpart with a message about Holocaust victims

January 28, 2021

Here’s why Terra (LUNA) price exploded today

January 28, 2021

Follow us on social media:

UK Jobs

Recent News

  • DREAM PAIRS Boys Girls Insulated Waterproof Winter Snow Boots
  • GameStop rises ANOTHER 40% and Robinhood limits buying
  • Prince Mohammed bin Salman: Riyadh will be one of the largest urban economies in the world

Category

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Recent News

DREAM PAIRS Boys Girls Insulated Waterproof Winter Snow Boots

January 28, 2021

GameStop rises ANOTHER 40% and Robinhood limits buying

January 28, 2021
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2020 - TrendsWide

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 - TrendsWide