ETH’s price needs to stay above $1,500 for the price to have a chance to rally high to a region of $1,700. ETH’s price continues to trend, creating a more bullish bias as the price aim for $1,700, where the price could face resistance. ETH’s price remains strong, holding key support on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). The crypto market had a good run in the previous week as the price of Ethereum (ETH) leveled up to the expectations of many holding out for the price to continue in its uptrend as many traders looked with so much hope of the price rallying to a region of $1,700 with no sign of Ethereum (ETH) slowing down with a possible rally to $2,000. The crypto market has seen some relief across all assets, but the new week holds mixed feelings, with Ethereum (ETH) dropping toward its key support. (Data from Binance) Related Reading: Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT? Ethereum (ETH) Price Analysis On The Weekly Chart The previous week saw many altcoins produced over 200% gains over the past 7 days of breaking out of their range-bound movement, as many believe more hope is returning to the crypto space. The new week hasn’t kicked in like the last as most altcoins have begun to look shaky, dropping off from their weekly highs, including the price of ETH suffering a minor price retracement back to a region of $1,550 just above i...
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