Although there are signs of recovery in the cryptocurrency sector after recent consumer price index (CPI) data showed lower than expected inflation in the United States in April, Ethereum (ETH) is no exception, but there is still a risk of a pullback.An analyst in the cryptocurrency market introduced that "Ethereum has reached an important demand barrier of $1850 to $1905, which represents a key support area that cryptocurrencies need to retain to avoid further declines2
Although there are signs of recovery in the cryptocurrency sector after recent consumer price index (CPI) data showed lower than expected inflation in the United States in April, Ethereum (ETH) is no exception, but there is still a risk of a pullback.
An analyst in the cryptocurrency market introduced that "Ethereum has reached an important demand barrier of $1850 to $1905, which represents a key support area that cryptocurrencies need to retain to avoid further declines
2.36 million addresses purchased 8.37 million ETHs within the price range of $1853.19 to $1905.72 mentioned above. At the same time, 2.85 million addresses purchased 3.12 million ETHs, with each address paying $1571.46 to $1628.76.
Ethereum Price Analysis
At the same time, the second largest digital asset by market value changed hands at $1878.27, rising 1.97% in the past 24 hours, 0.40% in the first 7 days, and 0.99% on a monthly basis, according to data from May 10th.
Buddha said: Those who like you will also be liked in the future.
If you like it, please follow the articles that will bring you more appreciation in the future,
Thank you for reading! See you next time!
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
