Ethereum, on the verge of a rise?!

  • ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar.
  • The price is likely to decline sharply if it settles below the $165 support area in the near term.
  • There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent recovery if the bulls manage to push the price above the $175 resistance.

Many believe ETH should be priced much higher that what it is right now. After all while BTC was at $20000 ATH, ETH was about $ 1200. Now BTC is almost half that price but ETH is about less than 20% of the ATH.

Why things are falling in crypto? :

Bitcoin drops more than $600 with a pure manipulation pattern

 

Categories: cryptocurrency, Gaming News, Technology

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Mohsen Daemi
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