General Price Actions of Ethereum -- 2nd January 2018

ETHEREUM (ETH) PRICE ACTIONS:

• Ethereum is in flag formation stage as on 2nd January 2018 after a huge (about $125) upward movement.

• There are 1 resistance level at $875 that Ethereum should break through before we can see another upward movement.

[Picture Courtesy: Bittrex]

• The lower support level is at $765. If the price of Ethereum falls, the price may fall to this support level, where there is a very strong support.

• It is the time to hold the profit and continuously check the price movement of Ethereum.

• It is not a good time to buy Ethereum now. It should be a Buy call only if the Ethereum price breaks the upper resistance level with good supporting volume.

• It should be a Sell call if the price of Ethereum goes below $805.

Disclaimer: This is not a financial advice. The prices are generated by statistical interpretations. Please do study the market properly before investing.
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