So we are now back at the so-called major resistance point of $220, except now,,, we better hope it becomes a major support line. Actually I am quite surprised to see the price right now because in the past month we have seen Bitcoin drop this far, but ETH managed to keep hold of its price. Now not so. Probably too many people took profit at $240?
Well seems like this s what happening mate,looking at Bitcoin falling near $8,000 level again?no wonder that the test now is the resistance of ethereum to keep that $220 value as it has fallen from 240 level and now valuing 223$
I hate this happening over and over again because it distracts the momentum of newly entered investors but this is how crypto market all about.
Volatility and price inconsistent that made this market more interesting and profiteering.