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Ethereum Price Stalls Below $3,500 as Leverage Ratios Rise
Ethereum has traded between $3,200 and $3,500 for months, stabilizing. Even if the market is rising, ETH is still stuck in this area.
After a protracted drop from its late 2021 peak of $4,800, it has stagnated. The cryptocurrency has fallen 32% from its high.
Even the new pro-crypto government and regulatory clarification have failed to move Ethereum above its present resistance levels.
ShayanBTC, a CryptoQuant QuickTake contributor, has identified a key statistic that might indicate an ETH price shift under present market circumstance
Ethereum has traded between $3,200 and $3,500 for months, stabilizing. Even if the market is rising, ETH is still stuck in this area.
After a protracted drop from its late 2021 peak of $4,800, it has stagnated. The cryptocurrency has fallen 32% from its high.
Even the new pro-crypto government and regulatory clarification have failed to move Ethereum above its present resistance levels.
ShayanBTC, a CryptoQuant QuickTake contributor, has identified a key statistic that might indicate an ETH price shift under present market circumstance