Technical Analysis – ETHUSD pulls back from 2-month high
Posted on May 30, 2024 at 1:11 pm GMT· ETHUSD posts fresh 2-month high following ETF approval · But sustains some losses as advance seems overstretched · Momentum indicators ease from overbought conditions ETHUSD (Ethereum) has been on the rise after claiming the 50-day simple moving average (SMA) in mid-May. Moreover, the regulatory approval of spot-Ethereum ETFs in the US boosted the price to a fresh two-month peak of 3,974 before erasing some gains. Should the latest weakness persist, the price could challenge 3,690, a region that has [..]