- The Ethereum price recovery stalls at $2,375 resistance, suggesting a potential pullback to recoup its bullish momentum.
- Wallets holding 0.01 ETH or less liquidated 1,791 ETH over a 48-hour window, reflecting accelerated short-term selling pressure.
- A potential bullish crossover between the 20-day and 50-day exponential moving averages could bolster ETH to hold above the $2,000 support.
Ethereum, the second-largest cryptocurrency by market capitalization, is down 0.3% ahead of Wednesday’s U.S. market hours to trade at $2,312. This shallow downtick aligns with the heightened geopolitical tensions, including the U.S. naval blockade on Iranian ports. The selling pressure further accelerated as retail investors are following a “sell-the-bounce” sentiment, which could spark another reversal in Ethereum price.
ETH Transfers Hit 1.3M as Price Lags Near $2.1K
On April 15th, the crypto market witnessed low volatility trading across the majority of major cryptocurrencies. This showdown in recovery momentum follows escalating disagreements between the U.S. and Iran despite the recen...
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