Etherium recovered its 4.5% price loss on Sunday
Etherium recovered its 4.5% price loss on Sunday
In anticipation of the Shanghai hardfork, Etherium retains a positive momentum, continuing to storm resistance of $1,840. However, after each test, there is a rollback to support of $1,770 with 4.5% lost. In this case, there is still interest in buying.
In general, the coin is in a consolidation phase as part of the corrective growth, which will transition to the long-term uptrend phase if resistance is broken. The range trading between support $1,770/40 and resistance $1,840/60 may continue until the fork, and there is no anticipation of an exit from it in either direction for the time being.
Source: Ethereum (ETH) price prediction
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