Receive all Cointelegraph news immediately in Telegram.
Ethereum is forming a short-term flat. The situation is heating up. Powerful impulses usually follow after long flats such as the current one.
So far, this movement seems to be a correction toward the upward trend. Ethereum’s price has rebounded off the level of large volumes, around $9.
That mark will be the peak of a rebound toward the upward trend, where a change of trends could happen. If the bears win the advantage, Ethereum’s price is going to fortify at the level of $9 and form a turn. In that case, there will be a good chance for a fall down to $7.5.
The structure of the upward trend could be disrupted at the $9 resistance line. If that happens, a turn to decline will be likely to follow.
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