Ethereum floor at $650?

Updated
ETHUSD Ethereum has consistently bounced off the 200MA since the start of its run in 2017. We are again at a crucial point whether Ether will hold this level and move higher. A breakdown of this level will see the prices as low as $480 - $390. Long term Ether is a very good investment as it has working platform and ecosystem of DApps.
Note
Ether did plunge down all the way to $360 and has since recovered again at a high of $700
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