Ethereum - Price Is Sitting At Strong Support Zone

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Ethereum is currently sitting at the bottom of its trading range and has hit a major ascending trend-line that price has respected many times. You can see on the chart that the last time price dipped under $850 it was quickly bought up, there is a strong likelihood that buy interest is still there. Major over-head resistance between $1200-$1300. The entire crypto market took a bloodbath this week, and bloodbaths create the best buying opportunities in the market. We should see a pull-back at the very least.

This idea is valid as long as price holds above $750, never risk more than you can afford to lose.
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