CRYPTO NEWS – BTC is Not Moving – Crypto Market is in Red – Ethereum Price Stands At $1,299
Market is in Red Daily (1:11)
Flat is on Crypto Market: (1:15)
Crypto News: (2:12)
BTC is Not Moving: (3:41)
Ethereum Price: (4:15)
Ethereum price has been rejected again at the $1,299 price mark as the coin retraced on its chart over the past day. In the last 24 hours, ETH barely experienced price movement on its chart. Continued lateral trading will push Ethereum price to the $1,200 support level.
Bitcoin also remained mundane over the last 24 hours, and most altcoins have acted the same way. The technical outlook of Ethereum signalled that the bulls are not in control of the market. It was due to constant rejection at the $1,300 price mark.
Lack of demand will cause Ethereum to oscillate between the $1,260 and $1,360 price levels, respectively. In case the price momentum doesn’t pick up in the next trading sessions, ETH could even travel below the $1,200 support line.
For the bearish pressure to fade, ETH has to manage to break past the $1,360 mark. It has to trade above the aforementioned level for some time. The global cryptocurrency market cap today is $962 billion, with a 0.3% negative change in the last 24 hours.