The ETH technical analysis displays a bullish reversal as prices start consolidating, signaling buying opportunities for traders, with price breaks above the 50-day SMA. Although Ethereum (ETH) dropped around 2% in the last 24 hours, the coin showed strong recovery signs in today’s price actions, pulling back at $1,179 signaling swing entry in an uptrend. ETH witnessed a sharp bullish breakout at the $1,180 support level after a prolonged bearish trend since last week, which pulled ETH 22.61% in the last 7 days. With a current price of $1,223.56 as of writing, ETH gained 3.48% in the last hour, signaling The post ETH Technical Analysis: Ethereum Prepares to Climb Back Above $1,400 appeared first on Cryptoknowmics-Crypto News and Media Platform .
