Receive all Cointelegraph news immediately in Telegram.
Ethereum’s price is currently in a rebound towards the downward trend. How deep will this rebound be?
Ethereum Price Analysis
Ethereum, ETH, USD, Ethereum price, Analysis
The short-term upward trend is actually a rebound toward the medium-term downward dynamics. So it’s a bit too early to be talking about a turnaround in the medium-term scale.
For the continuation of the downward trend to become likely, Ethereum’s price has to fortify at the level of $8. After forming a turn there, there will be a good chance for the downward trend to continue. That will indicate that the bulls are a minority at that level.
But before that happens, Ethereum’s price will continue its upward rebound. The next key level and the most likely point for a stop is the medium-term resistance of $10.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
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:
Reset letter sent.
Please checkout your mailbox for password reset details