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Ethereum (ETH/USD) extended recent weakness early in today’s Asian session as the pair depreciated to the 2227.97 level after trading as high as the 2279 area during the European session, with the interday high representing a test of the 50-hour simple moving average. Traders observe ETH/USD traded as low as the 2170 area during yesterday’s Asian session, just above the recent low of 2125.12. One range that many traders are monitoring is the depreciating range from 2950 to 1728, with the 2194.80 and 2339 levels representing the 38.2% and 50% retracement levels. Stops were recently elected above the 2553.11 and 2565.21 levels during the move higher, representing the 50% retracements of the depreciating ranges from 2873.35 to 2257.07, and 2849.15 to 2257.07. Potential technical support levels during pullbacks include the 2178, 2005, 1979, 1783, and 1725 levels. https://cryptodaily.co.uk/2021/06/eth-usd-encounters-resistance-at-2279-sally-ho-technical-analysis-20-june-2021-eth-ethereum
68 views ·
While cryptocurrencies previously stood at the fringe of the payments space, 2021 saw institutional interest increase as governments and banks invested heavily in the space. The crypto-community saw a lot of institutional interest, especially about the market’s top two crypto-tokens. Banks such as Morgan Stanley, Goldman Sachs, and a few other billion-dollar valuation firms took one step forward, mainly due to surging demand from their respective clients. https://ambcrypto.com/denmarks-danske-bank-open-to-reviewing-position-on-partially-regulated-cryptos/
59 views ·

More from Cryptocurrencies Agency ✅

Ethereum (ETH/USD) extended recent weakness early in today’s Asian session as the pair depreciated to the 2227.97 level after trading as high as the 2279 area during the European session, with the interday high representing a test of the 50-hour simple moving average. Traders observe ETH/USD traded as low as the 2170 area during yesterday’s Asian session, just above the recent low of 2125.12. One range that many traders are monitoring is the depreciating range from 2950 to 1728, with the 2194.80 and 2339 levels representing the 38.2% and 50% retracement levels. Stops were recently elected above the 2553.11 and 2565.21 levels during the move higher, representing the 50% retracements of the depreciating ranges from 2873.35 to 2257.07, and 2849.15 to 2257.07. Potential technical support levels during pullbacks include the 2178, 2005, 1979, 1783, and 1725 levels. https://cryptodaily.co.uk/2021/06/eth-usd-encounters-resistance-at-2279-sally-ho-technical-analysis-20-june-2021-eth-ethereum
68 views ·
While cryptocurrencies previously stood at the fringe of the payments space, 2021 saw institutional interest increase as governments and banks invested heavily in the space. The crypto-community saw a lot of institutional interest, especially about the market’s top two crypto-tokens. Banks such as Morgan Stanley, Goldman Sachs, and a few other billion-dollar valuation firms took one step forward, mainly due to surging demand from their respective clients. https://ambcrypto.com/denmarks-danske-bank-open-to-reviewing-position-on-partially-regulated-cryptos/
59 views ·