Ethereum on the Ropes with a New 2022 Low and sub-$1,700 in Play
- Date: 29-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
Ethereum on the Ropes with a New 2022 Low and sub-$1,700 in Play
It was a bearish Thursday, with Ethereum (ETH) sliding by 7.73% to end the day at $1,791.
A broad-based crypto sell-off saw ETH slide through Major Support Levels to test support at $1,750.
Technical indicators are bearish, with ETH sitting well below the 50-day.