Ethereum (ETH) skilled a pointy flash crash throughout the 21:00 hour on June 21, falling 7.56% from $2,406 to $2,224, in accordance with CoinDesk Analysis’s technical evaluation mannequin.
The sudden value drop triggered heavy buying and selling exercise, with greater than 751,000 ETH altering palms—practically 5 instances the typical hourly quantity.
Regardless of the steep decline, purchaser curiosity surged across the $2,250 degree, serving to the asset get well to $2,292. In the course of the hour following the crash, ETH rose 0.19% from $2,287.54 to $2,291.92. A quantity spike at 05:58 accompanied a 3.15% value bounce on 7,314 ETH, establishing a brand new assist zone close to $2,290. The worth motion that adopted shaped an ascending channel with increased lows, signaling elevated purchaser engagement as circumstances stabilized.
Technical Evaluation Highlights
- ETH dropped 7.56% from $2,406 to $2,224 throughout the 21:00 hour on June 21.
- Buying and selling quantity spiked to over 751,000 ETH, practically 5 instances the everyday hourly common.
- At 05:58, ETH surged 3.15% from $2,283.94 to $2,291.09 on 7,314 ETH quantity.
- Worth motion shaped an ascending channel with increased lows after the crash.
- A brand new assist zone shaped round $2,290, with resistance testing at $2,297 between 06:17 and 06:20.
- Quantity remained elevated throughout the restoration, indicating improved liquidity.
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