ETH has lost almost -20% in two days being one of the most hit currencies among the main altcoins, at this moment it moves at $ 519 while bearish pressure intensifies and sellers try a firm breakout below $ 500 that It is the most important support area. A breakout of the $ 506 level would lead the pair immediately to $ 500 and from there to S1 at $ 488. Upward, if a buyer impulse is achieved, the pair could reach the Fibonacci retracement of 23.68% and if it is crossed, 0.38% would not be far away.
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.
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.