Ethereum is dumping probably the worst out of most of the cryptos lately. Now, they are all doing bad and breaking trend lows, BUT, ETH was already in a down trend and never established a high as it flatlined out and lost energy, creating a 4th lower high on the daily.
Because of the pattern, I don't have much hope for the previous low dip support to hold. I think we're ultimately looking at a support around $500 for starters. If you saw my post yesterday looking at the weekly, I think we're ultimately going down to potentially the $353 level.
ETH is just about to make a close at the level (probably below it) from support on the last bounce. After we close below the level from the previous bounce, we're looking at a support target of $500....simple as that.
Ethereum is dumping probably the worst out of most of the cryptos lately? Really? It's dumping less than most. I swapped several cryptos to ethereum about a month ago (EOS etc). Which seems to have been a good move since the other altcoins went down a lot more.
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You missed what I said about it being the least strong since the bounce and short up trend was the worst...so yes, the dump is worse for ETH, IMO. Percentage wise on the daily, sure it's pretty good. Plus, I usually base this on the big 3 (BTC, ETH, LTC).
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thx for article...why 353$?
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being attacked again and appearing weak and falling to the untrained eye again today perhaps ... but what's the old saying "... you know over the target when you are taking flack ..." ... I think those that know well they know that GOOD minds behind ETHEREUM and ETHEREUM itself just aren't going anywhere ... too much GOOD in javascript-like SOLIDITY IMHO ... too much GOOD in simple smart contracts and fast network speeds ... expect improvements ... expect help from those in high places
yes I definitely think ETH is looking GOOD long term ... just looking forward to seeing the new prices ya' know ... AFTER THE GLOBAL FINANCIAL RESET ... #Q #QAnon #GlobalCollateralAccounts ... GOOD IS COMING! Thanks for the GOOD word.
Respectfully,
@Smart3DWeb
John
http://Smart3DWeb.com
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