Ethereum (ETH) - Nr 11 - major support

in #ethereum7 years ago (edited)

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Ethereum again tests the strong support of the $ 460, which is not good. ETH has already touched this price several times and we will observe how it behaves at this time.

Despite being a support, and important, I do not consider buying momentum, because we need to see where it goes. The candle is bulky and the volume rose, selling force prevailing.

I’ll keep you updated.

Obs.: Do not take any material or analysis in this blog as a recommendation. It's just my opinion and this is not a financial advice.


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Good post
Agree we may see another down before a return
Keep it up!

If ETH break this support things can get more difficult. I hope a recovery to give new opportunity to buyers.
Thanks for the comment, @hawtescc

I agree, Ethereum needs to hold support at 450-460, and for this to happen Bitcoin needs to stay above 7500 (log support line). Followed you since I just did an Ethereum TA update today as well!

$460 can be a good buyer option if you are an agressive investor and do not want to wait a confirmation of a recovery.
If you are not, I recommend patience.

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