2018-7-24 18:00 |
Ethereum (ETH) continues to be in a strong downtrend on the ETH/USD daily chart, having faced a rejection at the upper limit of the resistance line in May. The price has yet to find a bottom but it is getting closer to the lower limit of the ascending channel.
If Ethereum (ETH) continues to trade at its current pace, it is likely to find a bottom around September at the latest. Ethereum (ETH) being the largest cryptocurrency platform and the second largest coin by market cap also serves as an indicator of the price action of the rest of the altcoin market.
Continue reading Ethereum (ETH) Price Action Confirms Altcoin Downtrend Not Yet Broken at Crypto Daily™.
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