VeChain (VET) has seen a surge in its price earlier this month, reaching a six-month high of $0.023. However, it has now retreated from this level and is down 5% in the past 24 hours, trading at $0.020. Ethereum (ETH) has also faced similar struggles with price changing hands near $1,940 and down 3% in the past 24 hours.
The RSI and MACD indicators on the daily chart for VET show a negative outlook. If price falls below $0.020, the cryptocurrency could drop to $0.018 or further support could be found between $0.016 and $0.014.
As for ETH, it touched highs of $2,136 on November 10 and has now fallen to lows of $1,906. A return above the psychological $2,000 level is key to a bullish continuation and an analyst has predicted ETH could jump to $3,100. If ETH/USD falls below $1.9k, its possible bears will target $1,740.
In conclusion, both altcoins have retreated from recent highs amid profit deals and as Bitcoin drops below $36k. Share the article and explore the categories and tags related to this content.
