Hello Ladies and Gentlemen - I am publishing an idea on what the price of ETHER is going to be in the near future in terms of probabilities. What we are witnessing now is a bearish Ethereum
market - we've seen enough of weird stuff going on with the price of Ethereum
since the price chart of it stopped bearing much resemblance from what the shape of the Bitcoin
price chart used to be - when Ethereum
took its own path - approximately 13th -14th of July 2019. So what we have here is a triangle (oh, back to this again, are we?). And what is interesting here, as we are coming closer and closer to the crucial support levels (179.2 - 181.5 and 166.6 - 169.8 areas), is that it is more likely for Ethereum
to go upwards than downwards, and it seems like a potential scenario given the fact that the dominance of Bitcoin
is declining now. So I am expecting the price to be at the 217.9-221.8 area by the beginning of September and think that the 179.2 - 181.5 range is a good buy zone with an additional 166.6 - 169.8 area.