Ethereum price analysis: ETH/USD wiggles under $500 amid Metamask short-term delisting from Chrome Web Store

Critical $500 is still out of reach for ETH bulls.
Metamask was delisted from Chrome Web Store for five hours.

Tanya Abrosimova Independent Analyst

ETH/USD is trading at $482, still below critical $500 level. The second largest coin with a market value registered at $48.7B has an average daily trading volume settled at $1.7B. The price is 1.5% higher on a daily basis and nearly 2% since the beginning of Thursday.

Ethereum is moving in sync with the rest of crypto universe, however, internal problems are limiting its recovery. Thus, the most popular ETH wallet MetaMask was delisted from Chrome Web Store for five hours. The company says taht Chrome issue is some kind of a glitch as no other browser has been affected.

Now the wallet is available in Chrome Web Store, but the company promisses to keep the community updated on what has caused the problem and urges users to be careful:

“In the meanwhile, please be careful with any other phishing websites or plugins claiming to be MetaMask on Chrome. We will keep you posted on any new updates.”

Ethereum's technical picture

Looking technically, ETH/USD is capped by 50-DMA, currently at $480. If it is broken, the price will recover towards psychological $500 handle followed by $516 (recent high). On the downside, the nearest support is produced by $460 (Fibo retracement level). Once below, the sell-off may be extended towards $440 (Friday's low ) and $421 (the lowest level of July 12).

ETH/USD, the daily chart

Author

Tanya Abrosimova

Independent Analyst

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