Ethereum (ETH/USD) might be consolidating more due to other coins showing their strength in the alt coin market. We may be seeing a small correction to 400 levels, but otherwise, we most definitely can be seeing a consolidation at these levels between the shown support and resistance lines on the chart above.
With that being said, we believe Ethereum might be in another consolidation phase, as long as Bitcoin can range from current levels around the 11-12K levels.
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With that being said, we believe Ethereum might be in another consolidation phase, as long as Bitcoin can range from current levels around the 11-12K levels.
Trade Safe.
X Force provides quality content provided by experienced traders who would like to make charting more simple for the general public. If you love our content, please make sure to give us a 'like', we would highly appreciate it!
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