Will ETH Price Revisit $1800 Level?
Ethereum Muling Bisitahin ang Presyo ng ETH sa $1800 na Antas? 11 oras ang nakalipas Balita ng Ethereum ng Bitcoin In March, a bullish rally commenced for ETH price as it rejected the $1400 and started to rise, forming a high at $2141.54. The cryptocurrency price could not stay above $2000 for many days due to the presence of bears and at the end of April, it slipped below $2000. After the bullish move, ETH price entered into a corrective phase, forming lower lows and lower highs. Recently, Ethereum price formed support at $1650 after the June downfall due to SECs legal proceeding against the major crypto exchanges. A bullish rally was initiated after the positive sentiment was induced in the crypto market due to the news release regarding BlackRock, worlds leading asset manager, filed for Bitcoin Spot ETF on June 15. The move led to a rise of roughly 18.78% but price could not sustain the rally and faced rejection near $1960. Bears didnt want the price to rise above $2000 and since the rejection, the cryptocurrency price has been in a bearish trend. If bears can push Ethereum price below $1825, there is a possibility that the price might head toward the next support level of