Can one expect a fall of ETH to $1,000? crypto Ethereum ETH $ETH cryptoexchange VitalikButerin ethereum sassal0x
The rate of Ethereum has declined by 0.78% over the last 24 hours.
Despite the fall, Ethereum has started the day with a false breakout of the local support level at $1,200. At the moment, the rate is slowly approaching the resistance at $1,210.If the situation does not change, the rise may lead to a test of the $1,220 zone soon. On the daily chart, Ethereum keeps trading sideways as the rate is far from the key levels. However, if buyers lose the $1,200 area, one can expect a sharp move to $1,100 by the end of the week.
Ethereum is trading near the support level formed by the false breakout at $1,155. The selling volume remains high, which means that bears are more powerful than bulls at the moment. Respectively, the more likely scenario is a decline to the important level at $1,000.
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