Ethereum’s micro-outlook remains bearish but the price has continued to contract daily as it eyes a key level for a retest. It will likely resume bearish pressure once a rejection occurs – down 5% since yesterday. Since Ethereum made a sharp rejection from around $2,120 earlier this month, the market has remained uninteresting due to volatility shrinking. This has caused a serious price contraction but the asset is still posting some gains on a weekly scale. Currently, things are not looking good in the market as it posted losses today due to a recent rejection at $2,850. There’s still hope
The post ETHEREUM PRICE ANALYSIS & PREDICTION (February 24) – ETH Faces Multiple Rejection While Retracing, May Resume Drops Shortly appeared first on The Merkle News.
