Ethereum was losing minor support
Atualizado
Ethereum was losing minor support in the $1,622-$1,635 range. Even the $1,600 support range was briefly broken, and the Ethereum price corrected to the $1,580 area.
Given that Bitcoin has yet to settle on support if the price decline continues, we can expect selling pressure to push the price of Ethereum to crucial support in the $1,550 range.
At this level, we expect a positive reaction.
The range is $1,611 as a pivot level. If the breaking of this range is accompanied by breaking the resistance of the $1,622 to $1,635 range, we can expect further growth to higher resistance levels.
Given that Bitcoin has yet to settle on support if the price decline continues, we can expect selling pressure to push the price of Ethereum to crucial support in the $1,550 range.
At this level, we expect a positive reaction.
The range is $1,611 as a pivot level. If the breaking of this range is accompanied by breaking the resistance of the $1,622 to $1,635 range, we can expect further growth to higher resistance levels.
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