CryptoWolfsTrust

ETH good level for open long-term trade

Long
BITFINEX:ETHUSD   Ethereum
#ETH
Ethereum at current levels looks very good for long-term purchases, but in the short term, before building a new wave of growth, the market can survive lower (we have already seen such behavior of prices among crypto-currency assets). The possibility of plum before the beginning of growth is due to manipulative influences from the major players, no one will give up the opportunity to buy the top asset at an even lower price. Artificially, the price can be lowered to 330-340 (possibly up to 320), it will be extremely difficult to lower below, in any case, such a drawdown is possible for an insignificant and short term, since the technical aspects and popularity of the coin itself will not allow for a long time to be oversold, and specifically with Ethereum it is not profitable for anyone. In long periods, ETH has a very good chance of touching its absolute maximum and eventually overcome it. Pay attention to the asset from the current levels, but do not forget about the possibility of a speculative decline in the global market as a whole, which will also affect Ethereum.

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