Last week, Ethereum failed to push above the descending trendline, and instead moved lower to the 650 level.
On the first touch it bounced up, and had a period of consolidation before pushing and breaking to the downside once again.
What this means for us is that ETH will see a movement down to the 440 price level. It is very likely to bounce there and move upwards, but if it doesn't then we will see even lower prices.
We believe a move to 440 is very likely, and will make a further analysis at that price level.
Do your due diligence before trading.
On the first touch it bounced up, and had a period of consolidation before pushing and breaking to the downside once again.
What this means for us is that ETH will see a movement down to the 440 price level. It is very likely to bounce there and move upwards, but if it doesn't then we will see even lower prices.
We believe a move to 440 is very likely, and will make a further analysis at that price level.
Do your due diligence before trading.