ETH/USD is in a downtrend, question is how low?
ETH/USD is clearly in a downtrend, but the big question is how long this down trend will continue? How low will ETH/USD go?
Looking at previous price trend and recent price action 350 to 390 has shown some resiliance and offer some support. Anyway in trading we are in not to always buy at swing lows or sell at swings high but to find good levels to enter trade.
Amongst the various cryptos, ETH/USD is the mother of a growing number of crypto projects. In the future this will translate into more flow through the ETH network. Based on this fundamental the prospect for ETH remain bullish.
Looking at previous price trend and recent price action 350 to 390 has shown some resiliance and offer some support. Anyway in trading we are in not to always buy at swing lows or sell at swings high but to find good levels to enter trade.
Amongst the various cryptos, ETH/USD is the mother of a growing number of crypto projects. In the future this will translate into more flow through the ETH network. Based on this fundamental the prospect for ETH remain bullish.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.