Ethereum (ETH) Price Update: Retesting $900 Price Level

in #trading • 8 years ago (edited)

Hi guys!

As you all should know by now. When bitcoin makes a move all altcoins will bleed. And ethereum is clearly being affected by bitcoin's small pullback.

ETH - 12 Hour Chart

Tools used: Fib-Channel, Ichimoku Cloud and Trendlines
5a8ce020b715a.png
As you can see there, there &quite a bit of a pullback on ethereum and the $900 support level broke.

However, as bitcoin had quite a bounce from support level (you can check my post on bitcoin price update). Ethereum also bounce quite a bit and currently retesting the resistance around $900 price level.

Support Price Levels

If ethereum failed breaking through this $900 resistance and/or gets rejected by the cloud. The next support level would be around $830 (prior support) - $785 (0.618 fib channel)

Happy trading guys! Hope you make lots of money today!

Disclaimer

You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!

#cryptocurrency #money #ethereum #altcoins
8 years ago in #trading by
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