Follow our Twitter , Discord and Telegram for instant breaking cryptocurrency news.

Ethereum (ETH), Neo (NEO) and Ravencoin (RVN) Price Analysis

The ongoing rise of the crypto money market is stuck with the correction in the last 2 weeks. 

0 7,204

Ethereum (ETH), Neo (NEO) and Ravencoin (RVN) Price Analysis

The ongoing rise of the crypto money market is stuck with the correction in the last 2 weeks. Altcoins were hit by the drop in the price of Bitcoin from $ 61,000 to $ 54,000.

Ethereum Price Does Not Go Below Support

Ethereum (ETH), the second largest cryptocurrency by total market cap, turned out to be relatively more resistant to this decline of Bitcoin. While Bitcoin lost 4% in the last 7 days, Ethereum price was limited to 4.5%. It is hopeful that ETH, which fell almost 2 times in Bitcoin’s previous declines, is now limited to 4.5%.

Ethereum news
Ethereum news

The upcoming updates may be the reason why the Ethereum price did not take a very hard hit. With the London hard fork, which will come after the Berlin hard fork, the long-awaited EIP-1559 will also be activated. ETH price is trading at $ 1,781 as of the time of this writing, and the critical resistance is seen at $ 1,880. Breaking the $ 1,880 resistance could quickly set the Ethereum price record of $ 2,200 and set an all-time record. In a possible drop, ETH price has the possibility to drop to the $ 1,400 support. Going below this support will result in a trend reversal.

NEO Failed To Show The Expected Rise

Although the Ethereum price broke an all-time record and added about $ 1,000 on top of it, NEO, known as China’s Ethereum, could not perform a similar performance. Although the price of NEO reached the level of $ 45, it could not break the resistance here and reach the expected $ 90 point.

With NEO 2.0, the prospect has skyrocketed, but the time it took to implement coincided with the correction period, and NEO’s rise was halted. Nevertheless, the 100% increase in the price compared to 2 months ago may have pleased the waiting investors to some extent. The next critical resistance for NEO is known at $ 58.

RVN Price Holds at the Top

All-time record-breaking cryptographic systems and their money in the stock market crash that caused RVN Turkey has managed to maintain its record.The RVN price broke the all-time record at $ 0.27 and rebounded to the same level after a correction. The next psychological resistance for the RVN price will be $ 0.30 to $ 0.50.In the RVN / USD trading pair, $ 0.12 seems to be one of the strongest supports at the moment.

Follow our Twitter , Discord and Telegram for instant breaking cryptocurrency news.

Leave A Reply

Your email address will not be published.