P_S_trade

ETH 12h Critical point 425 is again under sellers' control

BINANCE:ETHUSDT   Ethereum / TetherUS
More than a month has passed since the publication of one of our most well-aimed ETH ideas.

During this time, Ethereum was almost able to test the key level $425.

Obviously, such ETH confidence is added by DeFi projects, which are mainly based on it.
Also, according to the promises of the developers, Ethereum 2.0 can be implemented even in 2020.

What do we expect from the ETH movement?

In the coming days, it is important to follow the price behavior in the zone $418-425.

If we manage to fix above this zone, then the price is likely to go higher in the range $444-450. It's too early to talk about the targets above.

If buyers do not show their strengthin the zone $418-425, sellers will be able to sharply attack down. First, to the levels $363 and $325-335.

Globally, we expect a fall to the zone $286-293.
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