View full page at cryptocraft.com

 

ETH/USD Forecast: Struggling with Bitcoin

From dailyforex.com

Ethereum continues to struggle around the $3,300 level, with momentum heavily tied to Bitcoin’s performance. A breakdown below $3,000 could trigger further weakness towards $2,500, while a recovery above the 200-day EMA might target $4,200. Ethereum has had another negative session on Thursday as we continue to hover around the $3,300 level. It’s worth noting that Ethereum faces a significant challenge in that it is largely driven by Bitcoin, which itself has been struggling as it moves around the $100,000 level. It makes sense, then, that Ethereum finds itself somewhat sideways as well, as it often takes its cues ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis