Is Ethereum ready to bounce back?

in #cryptocurrency5 years ago (edited)

Quick market update!

In previous posts I have been writing about the stock market, I would encourage everyone to look at these if you are interested. Since the market has come into a very interesting point, I thought I would adress this.
There are a some graphs that I want to point out. First we have the YTD graph
Ethereum YTD.JPG

Since Ethereum topped at 1404 USD in January the price has gone down over time, but we can see that it spiked a bit around May before going down to the 410USD level, let's look closer at this:

Ethereum 3mnd.JPG

I think this top at 830 USD is the technical signal that investors can look towards when it comes to Ethereum. If Ethereum can bounce up i'm guessing that this will be the first barrier.

Let's look at the 1month chart:
Ethereum 1mnd.JPG

As with the Bitcoin analysis around end of June looks like a turning point. It will be interesting to see if this is the bottom or if Ethereum will keep falling.

You can find my Bitcoin charts from yesterday here:

What do you think?

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Disclaimer: This is only my view on the Ethereum charts. It should not be considered as financial or investment advice of any kind. The provided information is only for informational purposes.


as soon as capser and sharding are released then heck yes ETH will skyrocket

To the question in your title, my Magic 8-Ball says:

Outlook not so good

Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.

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