Connect with us

Hi, what are you looking for?


Ethereum price started a fresh decline

Ethereum price started a fresh decline

Ethereum struggled to establish resistance above $1,926 and $1,940. The price is below 1880 dollars. A break was below a major uptrend line with support near $1,896. The currency may continue to move lower if it clears the $1,800 support area.

The Ethereum value stepped up its game and ascended past the $1,850 mark. ETH struggled to settle above the $1,925 and $1,940 resistance levels.

The current resistance is near the $1,850 level. It is near the 23.62% Fib retracement level of the recent decline from the $1,939 to $1,824 low.

A close above the $1,900 level could initiate a new uptrend. In this case, the price could rise toward the $1,940 resistance. Any additional gains could push Ether closer to the $2,000 resistance.

Bitcoin edged up

Bitcoin advanced on Monday morning on May 1 in Asia, touching the $29,000 level as concerns about the US banking system resurfaced.

Most of the other top 10 volatile cryptocurrencies traded lower.

US equity futures in Asia retreated steadily ahead of the Fed’s interest rate decision. All three major US stock indexes rose in April.

Bitcoin rose 0.48% to $29,309, holding steady for a weekly gain of 5.33% after advancing to $29,952 on Sunday.

The world’s largest cryptocurrency touched the $27,000 low several times in April but has gained more than 4% for the month since 2021.

In the NFT market, the Forkast 500 NFT Index advanced 0.37% to 3757.68 but remained 0.55% lower for the week. The index is a proxy measure of global NFT market performance.

Mad Lads, a Solana-based NFT that debuted on April 21, recorded the largest seven-day sales total on the market at more than $7.62 million, beating out Bored Ape Yacht Club’s $7.04 million. NFT was priced at 63.74 SOL, almost 10 times higher than the first token issued at 6.9 SOL.

The post Ethereum price started a fresh decline appeared first on FinanceBrokerage.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Latest News

    Rep. Jennifer Wexton (D-Va.) announced on Tuesday that she has been diagnosed with Parkinson’s Disease. “If there’s one thing that Democrats and Republicans can...

    Latest News

    After Dianne Feinstein announced she’d contracted the shingles in early March, her staff said she planned to return to the Senate within a matter...


    A U.S. District Court judge has ruled that Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, cannot remain free on bail...

    Latest News

    SEOUL, South Korea — When a group of American lawmakers arrived in South Korea for meetings with government and military officials, President Yoon Suk-yeol...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2022 All Rights Reserved.