What Happened to the Ethereum Price This Week?
Ethereum had a strong start to the week and a quieter end. $ETH ran from around $2,575 on September 20 to a weekly high near $2,800 on September 22, then gave back half of that gain and settled into a range between $2,650 and $2,700. It is currently trading at about $2,687.
ETH chart in USDThe rejection at $2,800 was sharp, but the pullback stopped well above the $2,600 level that has held since the breakout. Sellers took profit, buyers absorbed it, and the price has been grinding sideways ever since.
Ethereum Price Analysis: Is Ethereum Coin Bullish??
Zoom out and the picture is clearly bullish. Ethereum broke out of its summer range at the start of September, jumped from below $2,000 to above $2,400 in a matter of days, and has since climbed further to $2,600 and beyond. The 200-day EMA at $2,250 is far below the price and now rising, which confirms the trend c...
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