Meanwhile, the trading volumes across the crypto’s main instruments dropped by nearly 100% in the same period.
Read moreEthereum ‘huge Cup & Handle pattern’ reaffirms $6.5K ETH price target
The bullish outlook appears as ETH’s price decline stalls near its old cup-and-handle resistance level, now acting as support and thus raising the potential of
Read moreTraders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Bitcoin’s price fell below the $57,000 level on Nov. 18, sparking a widespread sell-off in ETH and altcoins. But traders say the current range presents
Read moreHow low will Bitcoin dip? | Find out now on The Market Report w/ Michael Kong
“The Market Report” with Cointelegraph is live right now with special guest Michael Kong, CEO and chief information officer of Fantom Foundation.
Read moreEthereum price risks losing $4K on ‘rising wedge’ breakout fears
The potential price decline would also mark ETH’s return to its ascending channel support.
Read moreEthereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Many analysts agree that the “dynamic support” could boost accumulation sentiment in the ETH market.
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