With the recent rise in tensions between NATO and Ukraine, ETH’s weekly losses have increased by 17%. Ethereum has been on quite the roller coaster ride over the last 24 hours, with prices dipping as low as $2500 before surging up to a local high of 2,653 USD. However, at press time, it is trading close to $2,636 – making its way back towards normalcy after this latest bout damped volatility in cryptocurrencies across all coins, including bitcoin & ethereum alike. Related Reading | TA: Ethereum Primed For Strong Recovery And Only 1 Thing is Holding it Back The recent events in Eastern Europe have caused major political entities across the board to mobilize their troops. The United States, Great Britain, and India are among those who fear any unwarranted action stemming from Russia or Ukraine may arise at anytime soon with potentially devastating consequences for all parties involved – including ourselves here on earth. Ethereum is gaining ground after forming a base above $2,500. The cryptocurrency extended its decline below the zone and tested resistance at this level. This week’s outlook shows an upside correction in progress that may continue upward toward new highs. Ether is trading below the $2,700 support level at present. It has moved above its 50% Fib retracement from last month’s crash. Still, it remains vulnerable to additional losses in this range until there’s a break out eith...
