Ethereum price recently made a brand new all-time high on Bitfinex at $206 then corrected all the way down to the $110-$120 mark. Many cryptocurrency traders were wondering how low the ETH price could go... suddenly steak and beer did not taste as good and sleep was hard to find.
Today the price has rallied to $170 everything starts to taste better.
The $120-120 area is currently action as strong support and on top of that,
we have got some very bullish news coming from China.
Huobi, on of China TOP3 biggest cryptocurrency exchange, is now adding Ethereum to its platform. This means that the Ethereum trading volume could soon explode and push ETH/USD to new all-time highs.
I already have many LONG positions in Ethereum and I am looking forward to open
some new ones in the coming days for my copiers and I.
The cryptocurrency market is very bullish. The future is bight.
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