Ethereum -unlikely to go below $200

On the hourly chart, the rate of Ethereum has already faced two waves of correction since the beginning of July, when each time the price plummeted by more than 10%. Applying the current situation to the graph, one can expect a sideways movement in the range between $215 and $230 in a few days. The leading altcoin should not go the psychological $200 mark due to the RSI indicator which is located near the oversold area.