Ethereum bounced up from the support level of $ 580, and on small volumes is growing in price. It is too early to talk about buying Ethereum, while bears rule the cryptomarket.
The nearest support zone for Ethereum is around $ 580 - $ 550, and the resistance zone: $ 650 - $ 625.
Priority of the day: neutral position on ETHUSD.
Ethereum today can grow in price or fall with a probability of 50/50. That is why, we recommend our subscribers to stay out of the market today.
Projected scenarios:
1. Sell ETHUSD from $ 650 to $ 541.
2. Buy ETHUSD from $ 560 to $ 700.
Alternative scenario:
Flat will continue all day.
The nearest support zone for Ethereum is around $ 580 - $ 550, and the resistance zone: $ 650 - $ 625.
Priority of the day: neutral position on ETHUSD.
Ethereum today can grow in price or fall with a probability of 50/50. That is why, we recommend our subscribers to stay out of the market today.
Projected scenarios:
1. Sell ETHUSD from $ 650 to $ 541.
2. Buy ETHUSD from $ 560 to $ 700.
Alternative scenario:
Flat will continue all day.