The post Ethereum Displays Neutral Trend Despite Market Volatility! What’s Next For ETH Price? appeared first on Coinpedia Fintech News
Despite a bearish sentiment in the crypto industry, the leader of altcoins, Ethereum, continues to display neutral price action, indicating mixed sentiments in the market. The ETH price has experienced a change of less than 2% over the last week.
The Ethereum price constantly traded in a consolidated range between $2,137 and $2,248 for a while, following which the bulls gained momentum, and the price broke out of the range. However, the rally was short-lived as the bulls faced rejection at $2,342, following which the price traded sideways for a while.
As the bearish sentiment increased, the price faced a pullback within the range where it traded for about a week. After multiple attempts, the bulls broke out of the range and recorded a jump of approximately 5% before facing another rejection at $2,342.
Chart: TradingView
The price then started trading
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