Ethereum Begins To Rally After a Recent Decline By CoinQuora

July 27, 2021 Editor Ethereum 0

© Reuters Ethereum Begins To Rally After a Recent Decline

  • failed to stay above $2400 levels and started a major correction.
  • It reached the $1700 support level on July 20 and started to rally the next day.
  • ETH price is now approaching the key $2300 level.

Recently, Ethereum failed to stay above $2400 levels and started a major correction against Tether. It reached the $1700 support level on July 20 and started to rally the next day. ETH price is now approaching the key $2300 level which is near its $2400 resistance level.

According to the chart below, it is now showing a double bottom pattern. Looks like the ETH/USDT pair had a strong buying interest near the $2100 and $2000 levels. Now, the price is trading at $2190 with a 24-hour trading volume of $24,902,393,103.

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