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Ethereum Price Analysis: Can ETH Hit $3,000 as it Hovers Below Key Level

Ethereum Price Analysis: Can ETH Hit $3,000 as it Hovers Below Key Level​

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Ethereum Price Analysis: Can ETH Hit $3,000 as it Hovers Below Key Level​


Can Ethereum Close the Week Above $2,672?

ETH is unlikely to close above $2,672 this week, having hovered within $42 of this threshold for two days without a definitive touch; however, it has the remainder of this Sunday session to reverse its fortunes.

Weekend volume is generally insufficient to propel a stalled price trajectory. A close below $2,672 on September 20 would reinforce this level as a ceiling, resetting the potential for upward movement to a lower base.

However, it wouldn't erase the bullish momentum from ETF inflows or the close above the 50-week average.

This article has been published in 99bitcoins.com via Yahoo News.

 
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