ETH Has Hit Long Term Support.

in #ethereum2 years ago (edited)

Hi traders, let's talk about Ethereum.

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Ethereum.

ETH has had a rough year, the burst of the ICO bubble coupled with fiercer competition among smart contracts platforms triggered a profound change in sentiment regarding a coin once touted to over take Bitcoin's throne.

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However, an opportunity is lurking in the chaos.

ETH is testing a 2 year strong support level against BTC.

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An area well cushioned by a huge volume well...

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...which acted as natural support for the price and resulted in a bounce from a low $170 to a current $194.

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The $210 level will prove a tough nut to crack and Ethereum ultimately remains slave to Bitcoin for its recovery but at these price it'll cost you only $6400 to afford 32 ETH and become a validator once sharding rolls out sometimes in 2020.

And that's a pretty decent deal if you believe in the future of the technology.

What say you traders, is $6400 fair price to secure a validator spot on the ETH network?


Until next time,

FØx.


If you liked this article, make sure to show some love by up-voting or following yours truly. You can also follow me on Twitter at F0xSociety and join my Discord Community for daily live updates Monday to Friday.


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Crown.png Recommended Exchange:
Coinbase
1.PNGDecentralized Exchange:
Radar Relay
Kyber Network
Lock.pngHardware Wallet:
LEDGER NANO S

May the FØx be with you.


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by FØx


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Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BTCBitcoin6494.526$-0.15%0.2%
ETHEthereum212.490$-0.12%-2.72%
KNCKyber Network0.373$-0.35%-13.76%
NANONano2.618$9.29%10.7%

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