Ethereum is currently trading at $560, price moved down from $790 which we saw happen from the beginning of the month of May 2018. As a bull on the crypto market i am looking to go long on Etheruem around $380. Most analysts and market participants dont see cryptocurrencies as currencies but rather as commodities that investors can invest in. I agree with these analysts because we are still at the very early stages of the blockchain technology which could take some time to refine and implement as an actual currency for the whole world.

ETHUSD Daily

2 thoughts on “Ethereum Technical Analysis”

  1. Hey Giveness, great to see another fellow trader also venturing into “crypto’s”!

    1. Hey Maryna, glad to hear another trader on Forex.today is also interested in Cryptos! 🙂

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