TL;DR Breakdown Ethereum price analysis reveals that the queen is struggling to maintain $3,560 high.Strong support is currently found at the $3,228 mark.Strong resistance is currently found at the $3,560 mark. The Ethereum price analysis reveals that the queen of cryptocurrency is struggling to maintain the $3,550 high at the time of writing. The queen of cryptocurrency underwent the flash crash market movement to lose better highs. The king of cryptocurrency Bitcoin propelled the motion of this event and the ripple went through the cryptocurrency universe like a heart attack, and Ethereum was no exception. During the past 24 hours, ETH is up by 6.14 percent while it is down by 5.57 percent on the weekly scale. Ethereum price analysis 1-day candlestick shows routine behavior shift The one-day Ethereum price analysis further shows that the volatility is increasing on the Bollinger bands. The upper Bollinger band value is found at the $4,057 mark showing the highest resistance point. Whereas the lower Bollinger band is found at the $2,890 mark showing us the strongest support mark. The volatility is above half a fold, increased from the previous week. ETH/USD 1-day candlestick price chart. Source: Trading View The p cap formation seems to be a bearish indication on the cryptocurrency chart, which also looks like an inverse cup and handle happening in the previous week. Compared to Bitcoin, there is just one bearish cross-ove...
