ETH Price Consolidates Near $2,400; Is More Upside Possible? - BitcoinEthereumNews.com
EthereumETH Price Consolidates Near $2,400; Is More Upside Possible?05 / 12 / 2022बिटकॉइन एथेरियम समाचार ETH मूल्य continues to make a consolidative move with positive bias. Investors to wait for further confirmation before placing aggressive bids. If the price manages to flip resistance into support an impressive row of gains could be observed by the sidelined buyers. Here is a piece of advice for investors a cautious approach should be applied, and keep a close watch on every tick to take advantage of the next price action, most probably on a higher side. ETH price locks gains for the second straight session in a row. A recovery above$2,530 on the daily basis would be a launching pad for the next leg-up. An interim base formed near $2,200 promising a technical bounce back. ETH price trades near support levels Source: Trade view On the daily chart, the ETH price has been trading in a medium-term downside trend since it made record highs in November at $4,867.81. Since then, ETH depreciated 55% with the swing lows of $2,113. The price is dwindling near the support level going nowhere as per the current market structure. Currently, the price is consolidating waiting for either side to breakout. A sustained buying pressure near