Fundamentals :
The question if the SEC in USA will classify Ethereum as a security or not , is taking place in the Ethereum community, and also has created some Fun, this has push the price to fall to break the resistance level of 820 USD .
If Ethereum become a security in The Usa that means that it will be classify as a stock market, what means only accirted investors and registred investors will be able to buy it .
Technical :
I think that Ethereum will go into a small correction, the next strong support level is 671 USD, for me i will only open a trade if the price reach and breakout 820 USD, with a target profit around 1000 USD and a stop lose around 740 USD .
Note : I am not a professional trader or crypto expert , don't take my post as an investment advice
The question if the SEC in USA will classify Ethereum as a security or not , is taking place in the Ethereum community, and also has created some Fun, this has push the price to fall to break the resistance level of 820 USD .
If Ethereum become a security in The Usa that means that it will be classify as a stock market, what means only accirted investors and registred investors will be able to buy it .
Technical :
I think that Ethereum will go into a small correction, the next strong support level is 671 USD, for me i will only open a trade if the price reach and breakout 820 USD, with a target profit around 1000 USD and a stop lose around 740 USD .
Note : I am not a professional trader or crypto expert , don't take my post as an investment advice