Ethereum is now in the culmination phase. The nearest target of the Ethereum fall is near the level of $ 500. The volume for sale is moderate.
We believe that the culmination will end with a sharp bounce of the Ethereum rate upwards, so we recommend that all bears think about fixing profits.
Priority of the day: neutral position on ETHUSD.
Today it's too late to sell Ethereum, but it's too early to buy it. Those who hold a short position can take a good profit. Those who are not yet in the market, we recommend today to wait with the deals.
Projected scenarios:
1. The fall of the ETHUSD rate from $ 540 to $ 500.
2. The upswing of the ETHUSD rate from $ 540 to $ 560.
An alternative scenario:
The culmination may not take place and Ethereum rate will take a lateral movement.
We believe that the culmination will end with a sharp bounce of the Ethereum rate upwards, so we recommend that all bears think about fixing profits.
Priority of the day: neutral position on ETHUSD.
Today it's too late to sell Ethereum, but it's too early to buy it. Those who hold a short position can take a good profit. Those who are not yet in the market, we recommend today to wait with the deals.
Projected scenarios:
1. The fall of the ETHUSD rate from $ 540 to $ 500.
2. The upswing of the ETHUSD rate from $ 540 to $ 560.
An alternative scenario:
The culmination may not take place and Ethereum rate will take a lateral movement.