Ethereum Price Stalls at 50-Week Moving Average
Ethereum (ETH) traded at $2,472.40 on Tuesday, down 0.47% over 24 hours, and has been stuck in a range-bound pattern.
The price is currently testing the 50-week moving average, which sits at $2,542, and every attempt to clear this level has failed within a few dollars of it.
A weekly close above $2,438.85 would open up the target of $2,919.89, while a close below it exposes the Supertrend indicator near $2,220.