ETHEREUM Pullback Looking To Find Support At $205steemCreated with Sketch.

in #ethereum6 years ago

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There's been a bit of a pullback lately, but there's still hope to find a higher low. For Ethereum, we would love to see the support hold above $205.

Volumes still keep seeming to taper down for the bears though, so hopefully this is just a bull flag. If we find support hold, there's a likely case for a bounce to a new higher high, or for consolidation with tightening prices.

Technical indicators are nearing lows, so this could be a likely reason we will see support potentially hold up and see the next leg of bullish action.

Hope you all have a great Friday!!

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Thanks for posting todays update

thank you!

What are the long/short positions looking like on bitmex? I know we have gotten close to 50/50 for BTC.

actually, I haven't checked. Not sure.

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