Receive all Cointelegraph news immediately in Telegram.
Ethereum’s price is right now holding in a zone, which is profitable for the Bears. That is a signal of Bull’s advantage. Will an upward trend form?
The fact that Ethereum’s price has not undergone a downward impulse indicates that the Bulls are still in control.
Whether that will lead to a turn to growth depends on how the price will behave at the level of $11.8. If the bulls hold the advantage, that will be a good signal for an upward trend until the minimum of $12.4.
But there is always a chance for a turn to happen. If Ethereum’s price holds at $11.3, it will indicate that the sellers have won the advantage. In that case, it’s likely for the price to move toward $10.3.
The key levels right now are $11.8 and $11.3: they are the most likely to serve as starting points for a new short-term trend.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact: