Just like other altcoins, Ethereum too extended losses today. Over the last 24 hours, the altcoin slipped below the $1900 price level. Bitcoin also fell on its chart and major industry altcoins followed suit. Most coins over the past week and a half have been consolidating on their charts. Following the consolidation, some altcoins attempted to rise on their charts but was soon met with the bears due to choppiness in the market. Overhead resistance for Ethereum continues to remain firm for the coin as market remains weak. Buyers are still wary of their next step as ETH witnessed fluctuations in price level. Amidst bearish price action, Ethereum has managed to capture a bullish signal on the one day chart. If demand grows back, the coin could regain a bullish stance over the upcoming trading sessions. Ethereum Price Analysis: One Day Chart ETH was exchanging hands at $1800 after it encountered stiff resistance at the $1900 price level. Over the last 24 hours, Ethereum lost 2.6% of its value. In the past week, ETH depreciated by almost 10%. A fall from the current price level will make ETH trade near the $1700 price mark. Ethereum was back to trading at the price levels it last traded in the month of July 2021. Overhead resistance for the coin awaited at $1960. If demand remains consistent the altcoin could push itself to trade near the $2000 price mark. The volume of Ethereum declined a little but the bar was red in colour. The...
