Ethereum Price Recovers Amid Bitcoin Rises

Jul 21, 2021 Forex News

After the price of Ethereum hit a low of around $1717 on July 20, it began to recover. Just like the price of Bitcoin, the price of Ethereum is showing growth today.

Risks of a further ETH rollback remain, but the $1700 level provides enough support for the price. In this area, the price will stop declining. Even if the price of Ethereum drops below $1700, it will not be long. The price will be able to recover quickly, as in this price range 355000 addresses have purchased 9 million ETH. But if the bears do break through this support level, then the price bottom is around $1400.

Let's get back to today's growth. Ethereum's price has already managed to rise above $1800 and $1900. Thus, the price recovered above the MA 100 and was able to overcome two important resistance levels. If the ETH/USD pair manages to hold above the 1900 mark, it will continue to rise to the area of 1950. Moreover, the RSI indicator is forming an uptrend and has not yet reached the overbought zone.


If the bulls run out of steam around 1900, the pair could start a correction again. However, it now has good support around $1850 and $1820.

Large investors, meanwhile, are taking advantage of the market decline and continue to buy cryptocurrency. According to Santiment, the ten largest Ethereum addresses were buying up Ethereum in June and the first half of July.

to other news

All news
BTC/USD price analysis, July 28

Despite the short-term effect of rumors that Amazon was going to accept Bitcoin this year and the subsequent pullback, the BTC/USD pair was able to find support in the area of $36500 and start a new rally. As a result, today the BTC/USD pair was able to rise

Mar 2, 2023 Forex Forecast

Changes to Commodities and Indices Trading on Independence Day

Dear clients, Please note that due to Independence Day celebrated in the USA on 4 July 2022 you may experience the following changes: Monday, July 4rdMetal CFDs: trading closes at 21:30. Indices CFDs: Europe 50 (#ESX50): trading closes at 23:00; France 40 (#FCHI): trading closes at 23:00;

Jul 1, 2022 Company News

On March 13th MetaTrader Switches to Summer Time (GMT+3)

On March 13th, 2022 TenkoFX will switch its trading servers 1 hour ahead, from GMT +2 to GMT +3. The change will affect all types of TenkoFX trading accounts. In ECN, STP accounts summer time will take effect starting with the market opening on Monday, March 14th, 2022. In Crypto

Mar 10, 2022 Company News

Changes to Trading Hours on US President’s Day (February 21)

Dear Clients, Please note that due to President’s Day in the US on February 21, 2021, trading hours for some financial instruments will be changed as follows: Spot commodities CFD:Gold (XAUUSD) - trading ends at 21:30;Silver (XAGUSD) - trading ends at 21:30;US Crude (XTIUSD)

Feb 14, 2022 Company News