TradingView
BitcoinBox
May 24, 2018 12:40 AM

Etherum consolidation - Opportunity to buy? Long

Ethereum / DollarBitfinex

Description

Ethereum is trading marginally above $500 per ether in yet another downslide that is crippling most of the major cryptocurrencies in the market.
Bitcoin and Ethereum, the two largest cryptocurrencies in market capitalization, are fairing well compared to other cyrptos (last count there are more then 1,700 coins).
Most analysts are bullish on Bitcoin and Ethereum for a long term hold.
Some even projecting a possible $2,500 Ethereum price value at the end of 2018.
Many analysis say that Bitcoin is close to or already found support at current levels.
RSI indicates Ethereum is over-sold so this could be an opportunity to buy.
More