Ethereum (ETH) Price is Still Far From Recovery! Domino Affect May be in Action!
Ethereum price is currently stumbling to re-enter the bullish pattern but progressively maintaining the lower support just above $1000. With the current pattern formation, sustaining within an ascending trend may be a little difficult at the press time. As the second-largest crypto remains gloomy as the asset is facing a couple of hurdles for nearly a month. Therefore, the price slash is expected to continue ahead until the ETH price tests the lower support again.
The ETH price is swinging between $1280 & $800 but is holding the support level at $1080 after exhausting an uptrend. Ever since the asset has been coiling up, the levels around $1281 have been registered as important levels that witnessed a couple of rejections. On the other hand, the asset also failed to rebound firmly from the support, thrice.
Therefore, the investors can expect a substantial breakdown below $900 in the coming days as the bounces are getting smaller and the bulls are slowly bleeding to death.
To be UpdatedSource