Ether, the world’s second-largest cryptocurrency by market capitalization, slipped below the $4,000 price level on Friday. Similar to bitcoin, technical indicators show ether is at its most overbought point since September, which preceded a sharp price pullback. This time, however, ETH’s pullback could be limited to around the $3,700 support level.
- Market Wrap: Bitcoin Retreats From All-Time High; Ether Outperforms
Written by Bankerage Published on October 23, 2021