ETHEREUM (ETH) PRICE ACTIONS:
Ethereum is in flag formation stage as on 2nd January 2018 after a huge (about $125) upward movement.
There are 1 resistance level at $875 that Ethereum should break through before we can see another upward movement.
[Picture Courtesy: Bittrex]
The lower support level is at $765. If the price of Ethereum falls, the price may fall to this support level, where there is a very strong support.
It is the time to hold the profit and continuously check the price movement of Ethereum.
It is not a good time to buy Ethereum now. It should be a Buy call only if the Ethereum price breaks the upper resistance level with good supporting volume.
It should be a Sell call if the price of Ethereum goes below $805.
Disclaimer: This is not a financial advice. The prices are generated by statistical interpretations. Please do study the market properly before investing.
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