Ethereum, Copper, and Stocks Test Support Zones as Market Faces Profit-Taking Pressure
- Ethereum stays above $2,500 as whales and institutions absorb selling pressure this week.
- RTY/SPX and Copper/Gold ratios trade at multi-year support, signaling a possible market shift.
- Over $71M in ETH futures liquidations were recorded as volatility rises around key levels.
The price of Ethereum and similar high-risk assets is staying above critical support points. According to market data, Ethereum, alongside Copper versus Gold and RTY versus US500, is trading near zones that have previously triggered major shifts in market direction. Investors are reacting to ongoing profit-taking, volatility, and broader macroeconomic uncertainty.
Ethereum Holds $2,500 Amid Volatility
The price of Ethereum hovered around $2,520 on Tuesday due to ongoing selling from both those who bought recently and those who held in the past. The market saw signs of overheating as the price approached the critical $2,500 resistance. Trading volume surged, primarily driven by profit-taking, which led to increased volatility and a brief spike in futures liquidations.
The post Ethereum, Copper, and Stocks Test Support Zones as Market Faces Profit-Taking Pressure appeared first on Coin Edition.
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Ethereum, Copper, and Stocks Test Support Zones as Market Faces Profit-Taking Pressure
- Ethereum stays above $2,500 as whales and institutions absorb selling pressure this week.
- RTY/SPX and Copper/Gold ratios trade at multi-year support, signaling a possible market shift.
- Over $71M in ETH futures liquidations were recorded as volatility rises around key levels.
The price of Ethereum and similar high-risk assets is staying above critical support points. According to market data, Ethereum, alongside Copper versus Gold and RTY versus US500, is trading near zones that have previously triggered major shifts in market direction. Investors are reacting to ongoing profit-taking, volatility, and broader macroeconomic uncertainty.
Ethereum Holds $2,500 Amid Volatility
The price of Ethereum hovered around $2,520 on Tuesday due to ongoing selling from both those who bought recently and those who held in the past. The market saw signs of overheating as the price approached the critical $2,500 resistance. Trading volume surged, primarily driven by profit-taking, which led to increased volatility and a brief spike in futures liquidations.
The post Ethereum, Copper, and Stocks Test Support Zones as Market Faces Profit-Taking Pressure appeared first on Coin Edition.
Read More
Ethereum ETH Traders See More Reasons To Be Bullish On Its Price Right Now