Ethereum, Cardano & FTX American Wrap 23 November

Ethereum price shows a potential double scenario in play as several rejections have occurred near the $1,200 zone. Catching the next trade will be a challenge for all traders as the market may e increase in volatility. Key levels have been defined to gauge ETH’s next potential move.

The first bankruptcy hearing involving FTX, a fallen crypto empire, revealed how funds were mismanaged by “a small group of inexperienced and unsophisticated individuals.” According to James Bromley, the talent hired by Sam Bankman-Fried (SBF) were subject to no checks and balances to control the vast estate.

Cardano price could make a move to challenge newfound bears in the market. Traders should keep a close eye on the smart contract token to spot a profitable opportunity. Key levels have been defined to gauge ADA’s next potential move.