Short-Term Highs of Yesterday Bring Slight Reversal for Ethereum Forex cryptocurrency
ETH/USD is above the 3000.00 threshold and appears to be conducting its trading not only above this juncture, but has proven the capability to climb higher and challenge important resistance.
Yesterday’s high of nearly 3235.00 was a strong demonstration of the power ETH/USD can create when it is within a bullish trend. However after reaching yesterday’s high, ETH/USD began to reverse lower. As of this writing, ETH/USD is trading slightly above the 3100.00 level, which is good gain of value considering Ethereum was near the 2175.00 ratio on the 24A move of one thousand USD higher in two weeks should clearly highlight for all speculators the capability Ethereum has to create volatility, even though it is now considered one of the more ‘mature’
. Traders should remember to use proper risk taking tactics and adequate stop loss and take profit strategies to wager on ETH/USD.until the 20of January before ETH/USD was hit by a massive wave of volatility which eventually led to the steep decline in prices which happened until the 24
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