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Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?

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ETH’s price loses its $1,200 demand zone in the early hours as Binance rejects FTX takeover, with the price responding with a bounce from its daily low. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price bounces from a low of $1,100 on the daily timeframes as the price aims for the 50 and 200 Exponential Moving Averages (EMA) In the last two days, the crypto market has been erratic, with the price of many altcoins, including Ethereum (ETH), battling for survival after the ...

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