ETH’s price slowed down after showing so much strength as it rallied to a high of $1,600 but got rejected as the price maintained downward. ETH could suffer retracement as the price holds above the key support area, holding the price off from sellers with hopes of a rebound. ETH’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Ethereum (ETH) showed some incredible price action as the price rallied from a low of $1,260 to a high of $1,650 before facing a rejection back to its key support of around $1,500, where bulls had tried to hold sell-offs. The crypto market has enjoyed a bit of relief across all assets, with Bitcoin (BTC) showing great traction, rallying and dragging the market. With so much uncertainty in the crypto market, most traders and investors have maintained more caution this time. (Data from Binance) Related Reading: Time To Buy SushiSwap (SUSHI)? Here Are The Levels To Watch Ethereum (ETH) Price Analysis On The Weekly Chart The past week has seen many altcoins continue to produce over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope could be settling into the crypto space once more. The new week looked different, as many altcoins have yet to run well. Bitcoin (BTC) prices have struggled to stay afloat ahead of the scheduled Federal Open Market Committee (FOMC) to hold off BTC pric...
