Ethereum, Cardano & UniSwap — Asian Wrap 24 Feb

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Ethereum price is stuck between two massive barriers that are squeezing the altcoin into consolidation. The recent retest of the support area suggests that ETH is due for a quick run-up. Ethereum price slid lower due to the recent crash and tagged the $2,160 to $2,567 demand zone. 

 

Cardano price shows that it has two stable support levels beyond which, it could crash swiftly to $0.459. A bounce off the current foothold at $0.805 is likely to trigger a 25% ascent to $1. Failing to hold above $0.805 will lead to a 16% crash to the last line of defense at $0.676. 

 

Uniswap price action has been some of the most bearish and worst-performing of the past year. UNI is close to 80% below its all-time highs, but a mean reversion trade may be imminent. Limited upside potential exists, but support may be developing.



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