Ethereum Holds Crucial Support, Retests $1,700 Resistance
Submitted by Anonymous (not verified) on Thu, 02/25/2021 - 13:11Yesterday, Ethereum bulls were retesting the $1,700 high to break above it.
Yesterday, Ethereum bulls were retesting the $1,700 high to break above it.
Following the recent breakdown, the XRP price corrected upward but the uptrend was repelled at the $0.50 high.
Litecoin plunged to $155 low after the bulls were unable to sustain above the $240 high. Initially, the altcoin fell to $180 low and pulled back.
Yesterday, Ripple retested the overhead resistance at $0.65 but failed to break above the recent high.
Ethereum (Ether, ETH) declines after buyers fail to convincingly break the $2,000 overhead resistance.
2021 started bullishly for major cryptocurrencies that soared in price.
Uniswap is on an upward move. On February 20, the UNI rebounded above the $20 support as price rallied to $32 high.
Dogecoin has been in a downward move after attaining a peak price of $0.0888.
Ripple has been in a downward move since February 13, after its rejection twice from the $0.65 overhead resistance.
For the past week, Litecoin attained a peak price of $230 and a further upward move resulted in a downward correction.
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