Here’s the Crucial Level Ethereum Needs to Break to Avoid Cratering Lower
bitcoinist.com
In the near-term, how the cryptocurrency trends could be largely determined by its reaction to one crucial level prior to its weekly candle close tomorrow. One trader believes that this level sits at $242, and a failure to close above it could put Ethereum at risk of setting lower lows.
Following ETH’s rejection at $250 that caused it to slide lower in tandem with Bitcoin, it has been establishing a trading range between $236 and $242. How Ethereum responds to its support at $238 and its resistance at $242 heading into the weekly close should set the tone for the week ahead.
Read in Full: bitcoinist.com
