$ETH Ethereum price slammed into the critical $2,160 resistance level yesterday, and after attempting to reverse a historic six-month losing streak, ETH USD looks to have rejected and is now trading back under $2,100.
Price action is currently extremely volatile, with ETH falling -1.6% over the last 24 hours to trade near $2,080, leaving traders paralyzed between a potential breakout and a classic bull trap.
This has raised concerns among seasoned traders that the current rally might be a “bull trap.” If resistance at $2,160 holds, analysts predict a potential drop to $1,320-$1,345, a level not seen since the last cycle’s early accumulation phases.
$ETH Ethereum currently traded at $1,978.22 Over the past 24 hours it changed from $2,079.49 to $1,978.22. Currently Ethereum is ranked as #2 in our chart. The total supply of Ethereum is 120,232,214.00