Ethereum Steadies Near $3,100, But Trend Remains Under Pressure (Technical Analysis)
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Traders Union642 FollowersFollow5ShareSavePlay(7min)CommentsSummaryEthereum holds above $3,100 after rebounding from December lows near $2,900.Price remains capped below all major moving averages, keeping the trend corrective.Weak spot inflows and declining leverage limit upside follow-through. bizoo_n/iStock Editorial via Getty Images By Jainam Mehta Ethereum (ETH-USD) is trading just above the $3,100 handle on Friday as January unfolds, holding a fragile recovery after a bruising fourth quarter that forced a reset in positioning across the cryptoThis article was written byTraders Union642 FollowersFollowTraders Union is a leading financial portal dedicated to empowering traders and investors with essential information to maximize their success in the financial markets. Its mission is to create a trusted platform where users can easily access comprehensive details about the top brokerage firms offering the most favorable and seamless trading conditions. Founded in 2010, Traders Union was built on the idea of providing thorough and unbiased reviews of international forex brokers, along with high-quality content covering global trading and investment trends. Traders Union saves time and effort by making the process of selecting a reliable broker hassle-free. With the Traders Union Broker Rating, users have all the data needed to make well-informed decisions, eliminating the need for endless research and review reading.