Receive all Cointelegraph news immediately in Telegram.
Ethereum’s price has formed an upward turnaround wave. Will there be a turn?
Where will the upward trend be cancelled?
There is a fortification at the level of $10, and a turnaround wave has been formed. In such conditions, the odds are lying with an upward turn. I.e. in case of a repeated break through the peak of the wave, the movemet is more likely to go along an upward trend, rather than a downward one.
But another option is possible nevertheless. There is always a probability of a cancellation of a movement. That’s why the level protecting the upward trend is at $9.3. A new rebound may happen off that level, or a fortification followed by a turn to decline.
The upward trend will be broken if Ethereum’s price reaches $9.3. A new downward trend may begin at that level.
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: