In this time frame, the price is moving in a descending channel and we expect the price to fall to the support range of $1260. But Ethereum is making a floor in the range of $1287, and if this range continues to support itself, we expect the price to rise to the ceiling of the channel, and by crossing this range, we have the possibility of rising to the resistance range of $1348 from Ethereum.
Resistance range: 1308-1334-1348
Support range: 1287-1271-1260
Important news:
Over the past 24 hours, XEN Crypto has resulted in more than 1,300 ETH being burnt, worth approximately $1.7 million.
ETH is turning deflationary again thanks solely to a token named XEN, which has consumed half of all Ethereum blockspace over the last day
Resistance range: 1308-1334-1348
Support range: 1287-1271-1260
Important news:
Over the past 24 hours, XEN Crypto has resulted in more than 1,300 ETH being burnt, worth approximately $1.7 million.
ETH is turning deflationary again thanks solely to a token named XEN, which has consumed half of all Ethereum blockspace over the last day
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.