ETH is currently at spot #2 in terms of total market capitalization.
At the time of writing, ETH price is currently sitting neatly at $300, currently testing the $305 resistance it has failed to breach two days ago.
Looking at the 1H chart, we can see that, similar to BTC, ETH has established a dynamic uptrend over the past three days and to have found temporary support at $280.
If ETH manages to break the $305 resistance, next level we'd be looking at would be around $330. On the downside, we'd really hate to see it go below $250...
On the daily chart for, technical indicators give a bleak bearish outlook (16 sell, 9 neutral, 1 buy)
On the weekly chart, technical indicators also give a bleak bearish outlook (15 sell, 8 neutral, 1 buy)
As always, if you have any questions, don't hesitate to reach out via email or through our Telegram group! (links below)
\
How to get in touch with us:
Follow us on Steemit - @ledger256
Join our Telegram group - https://t.me/joinchat/GXO2tBJ1TWgm0AHo9d4Scw
*We're always around to be of help in all things crypto and blockchain :)
Email us - ledger256@gmail.com
DISCLAIMER
NO FINANCIAL ADVICE – The information on this blog is provided for education and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The information contained in or provided from or through this blog is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The information on this website and provided from or through this website is general in nature and is not specific to you the Reader or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this blog or any affiliated channel without undertaking independent due diligence and consultation with a professional broker or financial advisory. You understand that you are using any and all Information available on or through this website at your own risk.
RISK STATEMENT – The trading of Bitcoins and alternative crypto-currencies has potential rewards, and it also has potential risks involved. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice.
That’s best ever!
You got a 8.85% upvote from @emperorofnaps courtesy of @thalialaux!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!