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.
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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
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.