Ethereum, Cardano & UniSwap — Asian Wrap 24 Feb

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.