Ethereum Reaches Key Support Level as Analysts Eye Potential Stop Losses

The price of Ethereum (ETH) is currently sitting on a key support level after rejecting from last week's high, according to KuCoin. The cryptocurrency has been following a trend similar to what was mentioned in a previous post by an analyst at the platform.

If it manages to hold this level, the price can continue to rise. However, if it fails to do so, there are potential 'juicy' stop losses below.

An analyst at KuCoin opened a small short position after the high was swept and is waiting to see whether the price deviates back below its range high or not. The stop loss has already been moved to break even.