ETH’s price slowed down after showing so much strength as it rallied to a high of $1,600 but got rejected as the price maintained downward. ETH could suffer retracement as the price holds above the key support area, holding the price off from sellers with hopes of a rebound. ETH’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA). Ethereum (ETH) showed some incredible price action as the price rallied from a low of $1,260 to a high of $1,650 before facing a rejection back to its key support of around $1,500, where ...
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