Ethereum (ETH) Price Trends: 4/05/2016

Ethereum’s price has undergone a natural fall. How long will the downward trend continue?

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Ethereum (ETH) Price Trends: 4/05/2016

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.

Ethereum (ETH) price chart

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.

Ethereum (ETH) price chart

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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