Ethereum's trend in a critical state.

7 באוג׳ 2019

Ethereum had a strong rejection of the 235.76 resistance. The price went back to the Bollinger Bande mid-line which, as we see acts as a support of the trend. The issue we see is that the buying volume is too thin to believe in more upward price action. We would need a close past 228.11 to start thinking about going long.