ETH price is facing critical support as some major moves develop and the coin has managed to hold the price above $ 4000 but the upward momentum has lasted for a full week. We read more about it in today’s Ethereum price news.
ETH price is facing critical support near $ 4000 with little volume or volatility and this is normal given the weekend in the holidays of the year. Resistance is now far away at $ 4,435, it seems, but it won’t be tested anytime soon. The momentum could return in the coming week before New Years Eve, just before the start of 2022. The volume is still very low and so the most likely scenario for ETH is to move sideways. The daily RSI is moving down due to a lack of momentum and the days of the week to come will bring more determination in choosing the right direction.
Chart according to TradingView
The daily MACD remains bullish but the histogram hit a lower high at the time of this writing. So if bullish momentum doesn’t return, it could be a clear warning sign that the bears may take over price action. The bias for ETH is neutral even though the price is fixed at $ 4000 and there is no momentum to propel eTH in any direction. As long as ETH is trading above $ 4000 this is good news and this key level needs to be underpinned by volume and momentum, but both are absent. This makes the current price action quite fragile and for this reason there is no guarantee that the bulls will win this fight once the volume and volatility return, so it is best to be careful.
Chart according to TradingView
As recently reported, Opera is a web browser that supports Web 3.0 and recently announced browser integration with Polygon. It will give Opera users in the browser access to an additional 3000 Dapps on the network. Opera revealed its latest partnership and the browser, which has a built-in crypto wallet and uses Ethereum’s Web 3.0 API, which allows its users to do something in Polygon’s native MATIC token by also eliminating passwords helps remove barriers to entry for all newcomers. Opera users will be able to access Dapps like Curve, Aave, Balancer, SushiSwap and Kyber in addition to the NFT platforms like OpenSea, Sandbox, Somnium Space, Decentraland and more. Polygon begins integrating with the Opera Android browser and relies on Android’s system lock to sign transactions.
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