Price Momentum: Ethereum (ETH) Sweeps the Lows and Roars Back to $2.4K
Photo: TheNewsCrypto
Ethereum (ETH), the largest altcoin, is currently trading at $2,483, up by 3.3%, with its volume settled at $14.28 billion. The 24-hour session range shows that the price dipped as low as $2,324, took out the stop-losses sitting below $2,350, then bounced back. In addition, the $93.31 million in 24-hour liquidations were recorded. Sweeping the lows and reclaiming quickly is a sign of underlying strength rather than true selling pressure. A possible bullish divergence is forming, and ETH is now back above the $2,440 area.
Source: TheNewsCrypto
