Ethereum / TetherUSUpdated Thoughts on Ethereum price
Hi guys, let's review the current situation on Ethereum.
The price of Ethereum followed recent surge of Bitcoin price and broke 1760-1780 resistance area. In my last review I posted that I expect that ETH price likely will go for retest 1640 support but ETH went in different direction. As strange as it may sound but I still mostly bearish on ETH. I admit that price likely will test 1915 resistance but from there I see only short. There is no way that price will break that resistance. Actually, I'm not even sure that ETH will reach that resistance if there will be some correction on Bitcoin.
Anyway it's very interesting to observe recent price action on crypto market.
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Many thanks.
The price of Ethereum followed recent surge of Bitcoin price and broke 1760-1780 resistance area. In my last review I posted that I expect that ETH price likely will go for retest 1640 support but ETH went in different direction. As strange as it may sound but I still mostly bearish on ETH. I admit that price likely will test 1915 resistance but from there I see only short. There is no way that price will break that resistance. Actually, I'm not even sure that ETH will reach that resistance if there will be some correction on Bitcoin.
Anyway it's very interesting to observe recent price action on crypto market.
If this post is useful to you, you can support me with like/boost and leave comments below.
Many thanks.
Note
Ethereum price reached next resistance at 1915 and this is important point in terms where price goes next. I don't beleive much in significant rise from here but in the current market sentiment it's difficult to be sure for 100%.Note
As was expected ETH price didn't break 1915-1935 resistance and dropped down to the next at 1835-1815. I expect some bounce from here but not much. Then continue to fall.
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✅ FYBIT exchange. I recommend. No KYC, available in all countries. fybit.com/Account/Register/OMNP5
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
🔥 My Twitter - x.com/Real_CryptoRoy
▶️ Telegram - t.me/Real_CryptoRoy
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.