Ethereum price continues to reject at $1,680, but noshitcoins says ETH futures and options data shows traders are confident that the level will flip from resistance to support.
) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022.From one side, traders are relieved that Ether is trading up 35.5% year-to-date, but the repeated corrections that follow retests of the $1,680 resistance may have weakened investors' sentiment.
On the bright side, Ethereum developers have created a testing environment for the upcoming Shanghai network upgrade. According to Ethereum developer Marius Van Der Wijden, the testnet appears to have been created to The delta skew has stabilized near 0% in the past week, signaling that Ether options traders are presenting a neutral sentiment. That is a stark contrast from the end of 2022 when the 25% skew index hovered near 18% — indicating a lack of comfort in taking downside risks.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Ethereum vs. Bitcoin: ETH price risks 20% drop if key support level breaksEther has repeatedly failed to break above a key trendline resistance and now it risks losing a strong technical support.
Leer más »
Bitcoin (BTC) Shows Impressive Growth in January Alone, Beating Ethereum (ETH): Details$BTC has jumped by nearly 40% in first month of 2023, surpassing ethereum. BTC_Archive WuBlockchain
Leer más »
Ark Invest's Chris Burniske Says Solana (SOL) and Ethereum (ETH) Are Key Indicators: DetailsApparently, $SOL can be used as a risk indicator, according to cburniske
Leer más »
Price analysis 1/23: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOTBitcoin and altcoins continue to rally as stocks surge and investors show their excitement that the upcoming Fed rate hike will note exceed 0.25%.
Leer más »
Wormhole exploiter converts $150 million in ETH to staked assets and levers upAn address associated with a $323 million Wormhole exploit that came to light last February began swapping to take leveraged positions today.
Leer más »
One dead in two-alarm Dublin house fireOne person died Monday at the scene of a two-alarm fire at a home just east of Interstate 680 lanes, authorities said.
Leer más »