Ethereum (ETH) In a Strong Support Area
Ethereum Price Key Highlights
Ethereum is currently in a downside correction move. Price recently has been trading within a descending structure.
The price is in a consolidation area and are currently trading at 790, which directly coincides with a horizontal support zone.
If price can find support here at this level and find some upside as I would expect to hit the highlight of the sidebar key resistance line at 930.
If the price break through key resistance area, it will more likely continue the bullish trend.
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I'm hopeful for a bounceback soon. If you look at the historicals, ETH also fell about 20% during the first week of March last year (granted it was from ~$11 to ~$9) but I think there are still some seasonality trends we're working through. All the markets are a bit skiddish at the moment so I feel comfortable that we're likely nearing the bottom (for now).
Hmm, the last days haven't been that god for the market. Where I expected some nice volume coming in to push us past the resistance levels, we prematurely failed and came down to the low 10s again. If this doesn't hold, we're in for a solid bearchart once again.
Thanks for creating our awareness on ethereum and also the risk of trading. I have really learnt something valuable like not investing money that I would not like to loose.
I would try to seek for more advice when go in to any investment. Thanks again.
im just seening a good buying opportunity might go turn some fiat to ETH today to take advantage!
Thanks for the post brother just got some ETH
Not a good news. You're right, we have to be aware of the risk.
I totally agree with you, if it shows some resistance then, therefore, more chance to go up. but if it does down to expected value, then it'll follow the trend all coins are following.
Hope for the best <3
all failed,it is likely the chart will not help,must be bad news
Agree, we need to break down below $800 or above $885 in order to get a clear picture of what direction.
thanks for information on ethereum crytocurrency 😊
Very interesting to watch how it goes. ETH was one of the last altcoins to go down in value against BTC. With BTC dominance continuing to establish new yearly highs at 42% now, do you think that this is already the lowest point of the alts off-peak season? Or can we still go down a bit more?