Ethereum Struggles To Hold $2,700: Is The Rally Just Delayed?

Ethereum‘s (CRYPTO: ETH) recent weekend pump to $2,826 sparked hopes of a sustained rally. But the optimism was short-lived.

What Happened: A quick retrace to $2,700 left traders questioning whether the uptrend is merely delayed or if Ethereum remains vulnerable.  

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Ethereum (CRYPTO: ETH)  $2,677.31 $322.7 billion -4.4%   +0.8%
Bitcoin (CRYPTO: BTC)  $95,415.78 $1.89 trillion -0.9% -1.6% 
XRP (CRYPTO: XRP)  $2.55 $147.9 billion -4.6%  +3.6% 

Trader Notes: Crypto trader Michael van de Poppe commented that Ethereum’s failure to close above key levels means the “party got delayed” and expects another test of the lows before a potential move higher.

Full story available on Benzinga.com