$2k Still Holding for Ethereum
At the time of writing, Ethereum is trading at $2,387 and is close to equaling yesterday’s lows of $2,351. The latter price area was the result of both the crypto and traditional markets being negatively affected by plans by the US Federal Reserve, to raise interest rates twice in 2023 due to ongoing inflation.
The weakness currently exhibited by Ethereum could ultimately lead to ETH retesting its $2k support. If this price area fails to hold, the aforementioned $1,800 is the next logical area of support for Ethereum.
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