Profit-Taking Slows Rally as Network Activity Lags
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4 Articles
Profit-taking slows rally as network activity lags
Ethereum (ETH) has held firmly above $2,400 and traded near $2,500 this week after a sharp rally last week. However, upward momentum has slowed as investors appear to be taking profits after ETH moved above its average on-chain cost basis. The move above investors’ realized price at $2,306 may have unlocked selling pressure from holders […] The post Profit-taking slows rally as network activity lags appeared first on The New York Ledger.
Ethereum Weekly Forecast: Profit-Taking Caps Rally As Network Activity Stalls
BitcoinWorld Ethereum Weekly Forecast: Profit-Taking Caps Rally as Network Activity Stalls Ethereum’s recent price rally has lost momentum as profit-taking intensifies, while on-chain network activity remains subdued, signaling a potential consolidation phase for the world’s second-largest cryptocurrency. Profit-Taking and Price Action After a strong upward move over the past two weeks, ETH has faced increased selling pressure from traders locki…
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