My thoughts on Ethereum for the coming days till August 1steemCreated with Sketch.

in ethereum •  8 years ago 

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We saw this trend from June 6, 2017, if you see the price action of Ethereum since the start of June, the highs are lower, indicating a bearish trend.

Similarly, we are making new bottoms which also indicates a stronger bearish trend.

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As you can see on the image above, the is a buy wall on 180, however if the 180 can't hold, the next support is at 150.
There is only a couple of days to know if the bearish trend will get stronger, I personally do not believe it will come to 150.

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My best guess is that Ethereum will be trading around 170 by August 1.

Let me know what you think.
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