Ethereum: Falling faster than top 10, what is the reason now?
Ethereum has been influenced the most by the today’s fall, it has lost around 5% in its price.
The rate of the second most popular crypto broke the support line at $154 and achieved even $146, but then could consolidate at above $150.
If we apply the Fibonacci retracement to our 1-day chart, one can notice that the asset is located in the red zone (overbought) and it has all chances to reach $165.48 (50%). The trading volume of Ethereum is also high, which means that traders are not switching to BTC.
The rate of the second most popular crypto broke the support line at $154 and achieved even $146, but then could consolidate at above $150.
If we apply the Fibonacci retracement to our 1-day chart, one can notice that the asset is located in the red zone (overbought) and it has all chances to reach $165.48 (50%). The trading volume of Ethereum is also high, which means that traders are not switching to BTC.
All trading ideas every day on CryptoComes: u.today/pricewise
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!
Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise
Follow me and trade smarter with our insides!