Ether (ETH) is back to trading flat in the $1,550 area after seeing a sharp reversal lower from earlier session highs in the $1,630s.
The cryptocurrency’s sudden intra-day reversal comes after ETH/USD found strong resistance at its 21 and 50DMAs, though Ether is for now finding support above key long-term support around $1,550.
A bullish research report from Standard Chartered which forecasted a rise to a price of around $8,000 by 2026 has failed to lift sentiment….
Read More: Ethereum Price Prediction as Standard Chartered Forecasts $8K Price By 2026 – Will Ether (ETH) Break Below This Key Support Level?
