Ethereum- False break of support and reversal?
After a rise towards 1700 resistance at the beginning of the month, Ethereum has also dropped hard like all the crypto market and took a dive under the 1200-1250 important zone.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls.
However, this drop was quickly reversed yesterday to put the coin back above support.
At this moment there is a high chance that the drop was a false break and a reversal to the upside could follow.
Clarification for a sustained up trend comes once Eth breaks back above 1400 and a break under 1k zone would negate this scenario.
2k can be the target for medium-term bulls.
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