The Ethereum (ETH) Chart Everyone Is Watching Has a Problem: $1,475 May Never Come
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Ethereum has fallen just over 2% in 24 hours to $1,875 but still retains a small weekly gain, with some traders hoping for a deeper flush to $1,475 before buying. Trader Nonzee argues the main shakeout already occurred in June and July, suggesting a lower likelihood of a further drop and more stable token performance that could support crypto market confidence and adoption.
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Ethereum has declined by more than 2% over the past 24 hours, but still holds a small weekly gain. ETH is currently at $1,875, while many traders are waiting for a deeper flush to $1,475 before buying.
But the latest analysis by trader Nonzee indicates that such a move may not come, as the main shakeout already took place in June and July.
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In This News
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$ 1.88K
+0.33%Predictions Markets
See what traders are focused on
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