Ethereum Witnesses Selling Pressure At Higher Levels! Will ETH Price Be Able To Breach $2K?
In recent weeks, Bitcoin’s price has been able to break past the critical $30K resistance level, pushing several altcoins to remarkable bullish rally....
- Bitcoin's recent rally has not significantly boosted Ethereum's price, which has been consolidating near $1.9K.
- ETH holders are selling off their call options, indicating a lack of confidence in Ethereum's near-term price potential.
- The Ethereum/Bitcoin trading pair has just concluded trading at a low unseen in the last 300 days, resulting in a bearish environment for Ethereum's price.
- Ethereum's price has been fluctuating between $1,930 and $1,840 over recent days, with signals suggesting that the bulls hold a slight advantage.
The article presents a mixed sentiment towards Ethereum's price, with some signals suggesting a potential rally towards $2,000, while others indicate a bearish environment and lack of confidence in its near-term price potential.