ETHEREUM (ETH/USD) Hanging Above The Round Number
As You know, the market is full of panic and so as Ethereum'. ETH' had a more the 11 percent drop and currently, it has found a support from the crossing area which consists from 'longer&smoother trendline' and from the round number $200.
Ethereum trades again below the short-term counter trendline and the price structure has changed, several previous higher lows are history, we have a new lower low on the chart.
If' Bitcoin starts to make another leg down then ETH' is on the big trouble and if the next support level at $193 doesn't hold us then we go and retest the 2018 low level at $167. Before that, it has not any significant supports to stop that price. So watch what BTC' does and read BTC' updates from our website (the link is on the profile)!
If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button!
Best regards!
Ethereum trades again below the short-term counter trendline and the price structure has changed, several previous higher lows are history, we have a new lower low on the chart.
If' Bitcoin starts to make another leg down then ETH' is on the big trouble and if the next support level at $193 doesn't hold us then we go and retest the 2018 low level at $167. Before that, it has not any significant supports to stop that price. So watch what BTC' does and read BTC' updates from our website (the link is on the profile)!
If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile)
Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button!
Best regards!
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