Ethereum Is in a Range as the Drop
Subsides Above $1,500
Ethereum's (ETH) price is currently consolidating above the current support as the drop subsides above $1,500. The market's oversold area has been reached by the current fall. It is currently caught in the space between the moving average lines.
Ether is currently trading above the 50-day SMA but below the 21-day SMA.
If Ethereum breaks below the 50-day line SMA, Ether will decline toward its $1,500 bottom.
Subsides Above $1,500
Ethereum's (ETH) price is currently consolidating above the current support as the drop subsides above $1,500. The market's oversold area has been reached by the current fall. It is currently caught in the space between the moving average lines.
Ether is currently trading above the 50-day SMA but below the 21-day SMA.
If Ethereum breaks below the 50-day line SMA, Ether will decline toward its $1,500 bottom.
JOHN SMITH