Ethereum is currently trying to regain ground and did well at consolidating support at the $400 level. A sudden plunge back down to the $380-400 zone could spell an end to this emerging bull run.
Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with resistance at the $550-600 area before buying in aggressively.
The jury isn't out yet on whether this is a market reversal but it's definitely safe to say that we're in for a bumpy ride!
Crucial downward trend resistance levels are about to be tested. A gambler would buy in now and see if it breaks through. But I'd wait to see how it deals with resistance at the $550-600 area before buying in aggressively.
The jury isn't out yet on whether this is a market reversal but it's definitely safe to say that we're in for a bumpy ride!