Ethereum (ETH) Price Action Confirms Altcoin Downtrend Not Yet Broken

2018-7-24 18:00

Ethereum (ETH) continues to be in a strong downtrend on the ETH/USD daily chart, having faced a rejection at the upper limit of the resistance line in May. The price has yet to find a bottom but it is getting closer to the lower limit of the ascending channel.

If Ethereum (ETH) continues to trade at its current pace, it is likely to find a bottom around September at the latest. Ethereum (ETH) being the largest cryptocurrency platform and the second largest coin by market cap also serves as an indicator of the price action of the rest of the altcoin market.

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Ethereum (ETH) на Currencies.ru

$ 3119.06 (-0.54%)
Объем 24H $12.323b
Изменеия 24h: 1.24 %, 7d: 7.57 %
Cегодня L: $3088.33 - H: $3144.08
Капитализация $374.669b Rank 2
Цена в час новости $ 476.981 (553.92%)

eth ethereum price yet downtrend altcoin action

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