Written by Denis HarrisoncontributorReviewed by Cyril Gilsonformer editorEthereum (ETH) Price Trends: 4/05/2016
MarketsPublishedApr 5, 2016
Ethereum’s price has undergone a natural fall. How long will the downward trend continue?
Ethereum’s price has undergone a natural fall. How long will the downward trend continue?
Will the movement grow into a medium-term trend?
There was not enough demand among the Bulls at the level of $11.5, which has caused a drop.
The fortification at the level of $11.5 was a confirmation of that drop, which has caused a lack of demand from the buyers.
The downward trend will continue, until the Bulls take the advantage once again.
A fortification at the key level for the Bears, at around $11.4, will be a confirmation of that.
In that case, a turn to growth towards $12 will be likely.
This is why the key level protecting the downward trend is the $11.4 mark.
Until a fortification and a turnabout happen at that level, the downward trend will continue.
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