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Ethereum Price Forecast: ETH breakdown to $2,000 looms in the wake of rejection at $2,900

coingape.com 27 May 2021 06:36, UTC

Ethereum is back in red after a consistent rise toward $3,000. The breakout from last week’s key support at $1,750 failed to overcome seller congestion at $2,900. Note that the ongoing retreat is not unique to Ether but appears to be pulling the whole market down.

Bitcoin has been rejected at $40,000 and currently seeks support toward $36,000. The cross-border money transfer token has also lost the battle above $1 and moves toward $0.9.

coingape.com