View full page at cryptocraft.com

 

Ethereum Price Analysis: ETH/USD Has Found Support Above $175

From beincrypto.com

On August 11, 2019, the Ethereum price reached a low of $205. It traded inside a range of $205-$217 until August 14, when a rapid downward move ensued. The ETH price reached lows of $174 the next day. It has been increasing since then. At the time of writing, it was trading at $183. Will the Ethereum price continue to decrease or will it begin an upward move? Continue scrolling below if you are interested in finding out. The breakdown occurred with significant but not extreme volume. Afterward, it looks as if ETH made a double bottom near $178. A look at the daily time-frame gives us a support area at $175. This is a ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis