Losing the important support of the Ethereum; The upward trend ended?

Study time: <1 Minutes

The price of Ethereum (ETH) has fallen by more than 2 % over the past 7 hours and has reached $ 4.9 with the loss of significant $ 1.5 support. The volume of daily transactions also shows a decrease of about 2 %.

Anchin’s data shows that the capital inflow to the Ethereum Stock Exchange (ETF) has been stopped and technically losing $ 4.9 support for $ 4.9 and in a more downtrend scenario to $ 4.9.

Overall, it is possible to continue the price correction until Ethereum fails to recover $ 4.9. In contrast, the failure of this level with high volume of transactions can be a sign of the ETH re -entry into the uptrend.

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