Ethereum Price Watch - ETH/USD Pressure from the EOS
Updated
ether has reached its support zone, having broken the last movement of all the stops of those who came on the previous growth from $ 500-750, this is well shown volumes. Perhaps it was fixed by the large holders of the Ether after the collection on the ICO.
Who is now fixed, are not ready to psychologically re-enter and will wait for a more attractive formation. Most likely the price can now give a rebound up. If growth will be accompanied by high volumes, then perhaps it is the beginning of a rebound from a weekly downward movement.
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Note
The Etherium recovered to the values of a week ago, it looks like a "V" shaped turn with average volumes. If you look at August 2017, you can see a similar formation after which the price arranged a rally and reached retest high. If the pattern repeats, then there will be a trade at around $680-750. Here, in part, you can protect profits if you buy lower, because the price can beat off the top of the triangle. It is not excluded and further growth, but everything will depend on Bitcoin which can spill below $7000.
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