ETHEREUM - 7/13/2017 Price Update
Ethereum continues in its downwards channel begun after numerous failed attempts to reach and break $420.
If the trend holds, expect it to maintain it until early August where numerous major support levels could be tested.
Levels to watch the next 12-24 hours:
-$231: Overhead resistance
-$225: Downwards channel top trend line
-$206: Has acted as resistance the last few days. It has recently broken above it but currently is below. Let's see if it can reclaim and hold this.
-$195: Current Price
-$175: Major source of support. Last level battled over before the last big run up to $420.
-$168: Downwards channel bottom line
thank you for the up date
My pleasure! Thanks for taking the time to look and comment.
I think Ethereum still needs some more time to correct its hype move, but it is long term a great project!!!
Yeah, it really just moon shot up without many attempts at consolidating, etc. It needs some time to cool off from all the hot money and hype. Stay tuned!