Ethereum

Ethereum encountered a minor setback, witnessing a 3.83% decline in the past 24 hours, bringing its value to $1,980.  
This dip contrasts with its positive performance over the week, where the coin exhibited an uptrend of 7%, climbing from $1,879 to its current position.  
The decline in Ethereum's value can be attributed to its recent struggle to surpass the $2,120 resistance level.  
Similar to Bitcoin, the digital asset experienced a corrective downturn, slipping below crucial support levels at $2,050 and $2,000. However, the bulls intervened, preventing further losses and establishing support around the $1,930 zone.  
As of now, Ethereum is trading below $2,000 and the 100-hourly simple moving average. Additionally, a significant obstacle lies in a bearish trend line forming with resistance near $2,000 on the hourly chart of ETH/USD. 
The post <a href="https://optimisus.com/news/crypto-news/ethereum-eth-drops-below-2000-after-facing-resistance-at-2130/" rel="noopener noreferrer nofollow">Ethereum (ETH) Drops Below $2,000 After facing resistance at $2,130</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Ethereum (ETH) Drops Below $2,000 After facing resistance at $2,130

Optimisus

Other articles published on Nov 15, 2023

What is Bella Protocol Coin?

As Uniswap (UNI) Wallet Launches on Android, Can Price Now Reach $10?

YouTube Enacts Policy on AI-Generated Content Disclosure

Blockchain.com secures $110M Series E at $7B valuation in crypto slump!

Nocturne Launches on Mainnet to Bring Private Accounts to Ethereum

Global Leaders Gather at APEC Summit in San Francisco to Discuss Economy and Digital Assets

Join our free newsletter for daily crypto updates!