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Cryptocurrencies Price Prediction: Ethereum, Bitcoin and Binance Coin – European Wrap 28

Ethereum
By Bitcoin News


Chiliz (CHZ) price could not catch a break over the weekend as social unrest flared up in China, battering trader sentiment on Monday morning in the ASIA PAC session.

CHZ/USD daily chart

Ethereum (ETH) price saw a lackluster weekend regarding its price action and performance. On Saturday, some hopes were there that the pivotal level at $1,243 could get a test, but bulls never made it up that far. Instead, prices slipped lower on Sunday, and this morning, on the back of widespread social unrest in China that is hardly ever seen, overall markets are choosing to go with a risk-off tone for today.

ETH/USD daily chart

Bitcoin price saw a sudden sell-off on November 28 after a consolidative weekend. This bearish outlook comes as major protests erupt in China due to Covid restrictions. As a result of the growing unrest in the east, investors seem to be heading into a risk-off mode, pushing safe-haven assets like the US Dollar, bonds, and Yen higher.

BTC/USDT 4-hour chart

 

 

 

 



Read More: Cryptocurrencies Price Prediction: Ethereum, Bitcoin and Binance Coin – European Wrap 28

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