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Ethereum Struggles To Spark A Sustained Rally After Release Of Ethereum 2.0 Staking Contract
Summary: Ethereum's price rise has been much tamer than Bitcoin's putting an alt season on hold causing smaller coins prices to decline while BTC continues to rally. At the time of writing Ethereum is trading hands at $412 and is up 2.38%. The coin's resistance level at $420 has held strong over recent months. Even after ...
Ethereum's price rise has been much tamer than Bitcoin's putting an alt season on hold causing smaller coins prices to decline while BTC continues to rally.
At the time of writing Ethereum is trading hands at $412 and is up 2.38%. The coin's resistance level at $420 has held strong over recent months. Even after the announcement of Ethereum 2.0's release date on December 1 the coin rallied less than 10%, worrying some traders.
One popular crypto trader expressed concern in a tweet that Etheruem did not see a stronger rally following the release of the Ethereum 2.0 staking contract and noted that if the coin dips below support at $390 he expects further price declines. If Ether fails to break past resistance at $420 and spark a stronger rally it may face even steeper price falls.
By Emily Mason
Tags: Altcoins,Altseason,Bitcoin,BTC,ETH,Ether,Ethereum
Link: Ethereum Struggles To Spark A Sustained Rally After Release Of Ethereum 2.0 Staking Contract [Copy]
