Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching.
It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. However, you should keep in mind that the reversal of the trend will be confirmed if the price can form at least a higher high and low. In the previous two bullish uptrends, it can be seen that the buyer takers had a higher hand on the support levels and pushed the price up.
Price dips in bitcoin and ethereum may offer some investors a chance to get into crypto. Here's what you need to know.
“If you put 20% in crypto and you can’t stomach volatility, you’ve got what’s known as a problem,” he said. Before putting money into crypto, both experts stressed the importance of having a secure personal financial situation and clear investment plan. Investors should expect that cryptocurrencies will continue to be volatile. Investors should have a clear goal for buying crypto instead of being pulled in only because the price dropped, he said. New investors should have a firm grasp on how much they’re willing to risk before they buy. At the same time, ether fell more than 7% to about $2,300.
Ethereum price has been hovering inside a trading range since the sell-off in January. The recent downswing caused around the FOMC meeting on 4 and 5 May seems ...
The failure to maintain the momentum on this upswing led to a steep reversal that pushed ETH back inside the range. The rally emerged at the end of this correction pushed ETH up by 55% to sweep the range high. For Ethereum price, the 51% run-up was followed by a pullback under the 50% retracement level at $2,712.