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ETHUSD: Ethereum Dip to Offer Buying Opportunity
ETHUSD just experienced a 10% pullback from yesterday’s high. Such retracements in crypto aren’t all that rare. I was also anticipating this drop to the $1,950 region per my comments yesterday on Twitter. In fact, the lower boundary to my support area for Ethereum was $1,933. Today’s low is $1,930. But the big question is, has Ethereum bottomed? While there are no guarantees, the $1,950 region is incredibly strong. Notice how the area between $1,930 and $1,950 is weekly support. However, Wednesday’s price action isn’t overly convincing. After an initial 4% bounce, ETHUSD stalled out and even revisited the ... (full story)
