Consolidation in the ETH/USD market
Ether is currently in a consolidation area.
The previous week massive sell out and following price drop shocked many investors.
The price has fallen nearly 70 USD down.
It was confirmed by a strong volume.
The sellers moved the price below the 30 EMA, what gives us a sign, that the Bears have the power in the market currently.
For now buyers and sellers agree in price. I guess it won´t last that long and probably we will see another price drop.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
The previous week massive sell out and following price drop shocked many investors.
The price has fallen nearly 70 USD down.
It was confirmed by a strong volume.
The sellers moved the price below the 30 EMA, what gives us a sign, that the Bears have the power in the market currently.
For now buyers and sellers agree in price. I guess it won´t last that long and probably we will see another price drop.
If you found this post helpful, like, comment, and subscribe!
Telegram Signals
t.me/NextLevelCrypto
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.