Ethereum Price Prediction: The Bears Take-over; ETH/USD May Fall below $320 Again
insidebitcoins.com
The price of Ethereum is approaching a crucial support level, similar to Bitcoin (BTC). Moreover, a bearish drop may continue to roll the market down to the support level of $300, $280, and $260 while a possible bullish surge may drive the market above the 9-day and 21-day moving averages to the $385 level.
Against Bitcoin, the market price remains below the 9-day and 21-day moving averages, the bears are already taking over the market. However, on the upside, a possible bullish movement may surface and may likely push the market to cross above the moving averages, once this is done, the resistance level of 0.0360 BTC and above may be visited.
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