There was an attempt by Ethereum price to gain bids above 0.052BTC against bitcoin. However, the price failed miserably and started a downside move below 0.050BTC. The decline was very strong and he price even failed to hold the 0.045BTC support area.
Sellers even succeeded in breaking the 0.040BTC handle and a low was formed today at 0.0391BTC. Buyers seem to be struggling to hold losses and an initial resistance on the upside is around the 23.6% Fibonacci retracement level of the last drop from the 0.054BTC high to 0.0391BTC low.
Article: http://ethereumworldnews.com/ethbtc-forecast-ethereum-continues-bleed-vs-bitcoin/
bought some eth today with USD.
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