Why Is Ethereum Price Stuck Below $4,000?

Quick Summary:

This 20% gain in Ethereum price, fueled by favorable market sentiment, has since leveled off due to profit-taking activities.

Ethereum recently experienced a strong rally following the U.S.election, with prices rising to $3,446 before hitting resistance.

This selling pressure has held back further growth, bringing Ethereum to a support area of around $3,100.

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Article Details

Author / Journalist: Ronny Mugendi

Category: Crypto

Markets: India

Topics: Ethereum $4K 24/7 Cryptocurrency News Ethereum News Ethereum (ETH) price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 19:34:45 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 542 words

Reading Time: 4 minutes read

Sentences: 42 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23590990

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 41 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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