The buyers initiative, which began on January 11, is beginning to weaken. The price of ETH slowed down before updating the historical high. This is strange, because BTC is in consolidation and does not take attention.
On January 19, buyers managed to update the local high. however, relative to the previous high is only 7% higher. The price stopped for 2 dollars to the historical high of 2018.
The new wave of growth looks rather weak and the breakdown of the mark of $1270 will begin to correct the price of ETH. Having settled below this mark, we expect the price to continue falling to the range of $980-1000.
Interestingly, ETH trading volumes are currently larger than BTC volumes. By reducing BTC's dominance by at least 10%, ETH could feel like the king of the crypto market.
It is possible to buy a coin with confidence only after fixing over the range of $1340-1390. It is the loss of this range in 2018 and was the beginning of a global correction of the ETH market. ________________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
@P_S_trade, Wow, so lets see. I would be so happy if the price hit your goal d:D
P_S_trade
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@bestfarbit74, I think everyone who did not have time to buy ETH at a normal price would also be happy)
bestfarbit74
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@P_S_trade, I hope so, I think your first goal 600 is the key level and make more sense, right now this place is my level that price turns to bull trend but lets see
ShashvataTrading
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Kindly confirm this.. Place Short from here 1270 ???
P_S_trade
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@MR.shubhamverma, After the retest, you can think about it. However, it is worth remembering about the risks and stop orders