ETHEREUM (ETH/USD) Hanging Above The Round Number

As You know, the market is full of panic and so as Ethereum'. ETH' had a more the 11 percent drop and currently, it has found a support from the crossing area which consists from 'longer&smoother trendline' and from the round number $200.

Ethereum trades again below the short-term counter trendline and the price structure has changed, several previous higher lows are history, we have a new lower low on the chart.

If' Bitcoin starts to make another leg down then ETH' is on the big trouble and if the next support level at $193 doesn't hold us then we go and retest the 2018 low level at $167. Before that, it has not any significant supports to stop that price. So watch what BTC' does and read BTC' updates from our website (the link is on the profile)!


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