Ethereum has been closely tracking Bitcoin’s price action throughout the past few days, which has caused it to bear witness to immense volatility The cryptocurrency’s price rocketed up to highs of $1,400 last week before facing intense inflows of selling pressure that sent it to $900 It has since recovered from this decline, and it now in the process of trying to flip $1,100 into a support level This has become a key level for the cryptocurrency, and it is now in the process of trying to rally above this level one again One trader explained in a recent tweet that flipping this level to support is vital for Ethereum to see any further upside in the mid-term
Ethereum has seen some mixed price action throughout the past 24 hours, with the crypto reeling to lows of $900 before rebounding to $1,200, before once again facing a rejection and drifting lower.
Bulls are now trying to flip
