Written by Denis HarrisoncontributorReviewed by Cyril Gilsonformer editorEthereum (ETH) Price Trends: 5/11/2016
MarketsPublishedMay 11, 2016
Ethereum’s price has reached a key short-term level. An upward trend can begin at that resistance level.
Ethereum’s price has reached a key short-term level. An upward trend can begin at that resistance level.
Will there be a turn?
Ethereum has cautiously reached the level of $9.5, from which it can quite likely rebound in the future. The bears can prove themselves at that mark and the downward correction could continue.
For a turn and continuation of the medium-term upward trend, a confirmation is needed in the form of a fortification and formation of a turnabout. That fortification would indicate that the bulls are holding the advantage.
One of the scenarios of Ethereum’s price movement will play out at the level of $9.5.
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