Let's take a look at some of ETH's past performances:
- From 1 -> 6/2017, the market has witnessed a tremendous ETH growth from under $ 10 to a peak of $ 400 (x40 times).
- From $ 6 to $ 201, $ 400 has become a psychological resistance when prices try to break and fail twice.
- Until the end of 2017, the price of the fourth and breaking through the $ 400, then breakthrough growth to $ 1400
- In the next 3-4 months, prices fall almost no brakes back to $ 400, also Just like the way it rose without brakes in late 2017.
- In April of this year, the price was about $ 400, the old resistance has become support. This month we see a rebound in the $ 800 range. Technically, this is only a wave in a long term downtrend of ETH.
- From 5-8 / 2018, downtrend continues, dump back to $ 400 and sideways in this segment more than a month, so that investors mistakenly came back to the support and buy.
- August 8, 1818, the price of the support $ 400 before the surprise of many people, bad news began to be launched.
- In September, 1818, bad news about ETH was released continuously, creating FUD for many investors to discharge or cut losses for fear ETH will be less than $ 100. And also this month, the volume increased significantly. So what does this mean?
My personal point of view:
- Current price is at the support in the past
- Different sections dump earlier when the volume nothing special, period September last price sideways for about $ 170- $ 230 with high volume. This indicates that a large hand is purchasing ETH that is discharged. "There are sellers, there are buyers."
- And when the period Cumulative is completed, "the shark" has held a number of coin large in hand, we can expect waves Push price (Mark Up) upcoming
On technical perspective, the $ 400 is a strong resistance zone, with traders trailing at the bottom. So if price is pushed to this area will appear large discharge, so we only put Target 2 here. Depending on the strategy of the fleet, we will analyze after the results.
Hope the article has given you a perspective on the market ^^ !