Receive all Cointelegraph news immediately in Telegram.
A short-term downward trend is underway on Ethereum’s market. Will that movement continue into the medium term?
After failing to fortify at a critical level, Ethereum’s price had just one option - to continue going down. But that movement can’t yet be classified as medium-term.
The $7.6 mark has become a new intermediate level.
If Ethereum’s price holds at that resistance and forms a turn, the short-term downward trend is going to end and there will be an upward rebound toward the medium-term trend.
If a turn doesn’t happen at the level of $7.6, the short term trend will continue.
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: