ETH/USD is following with the rest of the crypto market. Smart contracts have also become a hot topic. With that being said the current price of ETH/USD is very reasonable at the moment and also shows a lot of support.
We have retraced 50% since the end of 2019 price level so consolidation has been happening.
We also currently sit on 2 solid uptrend lines as well as a heavy support area. It would really take a lot to push down further unless Covid-19 really goes nuts along with the oil price war that the Saudi's have instigated.
Money could flow from cash to crypto as precious metals don't seem to be taking off along with the rest of the market tanking. Gold also seems to be stopped out jut below the $1700 level. Is the on purpose by the Feds?
Everything is a weighted game right now but I am pretty positive and bullish on the crypto market.
Own your assets. Protect your assets. Control your assets.
Please criticize me as well as like and follow.
Join my Discord server for more in depth analysis that rolls 24/7 -> discordapp.com/invite/AkmMc89
We have retraced 50% since the end of 2019 price level so consolidation has been happening.
We also currently sit on 2 solid uptrend lines as well as a heavy support area. It would really take a lot to push down further unless Covid-19 really goes nuts along with the oil price war that the Saudi's have instigated.
Money could flow from cash to crypto as precious metals don't seem to be taking off along with the rest of the market tanking. Gold also seems to be stopped out jut below the $1700 level. Is the on purpose by the Feds?
Everything is a weighted game right now but I am pretty positive and bullish on the crypto market.
Own your assets. Protect your assets. Control your assets.
Please criticize me as well as like and follow.
Join my Discord server for more in depth analysis that rolls 24/7 -> discordapp.com/invite/AkmMc89
