Despite the surge of ETH/USD from $408 on 28 June with current price at $454.50 (08:42 UTC), we still see a possible slide to $362.49 where it's now finding support. Breaking that may push the price lower to $278, or even regrettably to $178. On the positive side, we still expect a reversal at the $362 support level which will healthy for the ecosystem and prevent a panic selloff.
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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.