Can ETH Break 420$ ?
So as I was going through the charts I saw that ETH has been stopped quite a few times at 420$ lately.
Obviously the price of ETH is very much correlated with the price of BTC. But also the 200 SMA at the Hourly is around 420$. ETH has been relatively weak last few weeks and a bit of volume and price action to the upside definitely won't hurt.
What is your opinion on the matter ? Do you think crypto is reversing ? Let us know in the comments :)
Largely overbought at 412$ on the hourly 🤢
Weak volume and noticeable top wicks
Ether has been pretty fragile lately
Most of the other altcoins have demonstrated recent high volume and broke some resistance. Maybe ETH will be left behind during the next rally? That'd be fun to see for me, since I own 0 ethereum
I also dont own ETH. I think the new protocols are just a lot better. I don't know if Eth can compete. Thanks for commenting :)
We believe that it will left right soon. :(
420 looks like a strong line! mostly if it passes a strong line, the price will explode if so
There is strong evidence that it wil ! :)
i followed you :)
We believe that it will continue to rise for a short time and then it will drop drastically as it does with the SBD.
I think that Ethereum needs a technological bust and It need it fast before It will be overrun by EOS. Technologically EOS is superior. I hold ETH no more.
I think BTC takes all the attention as always. ETH has been rolling down the hill for quite a while now.