Post
Topic
Board Speculation (Altcoins)
Re: ETH also breakout the resistance zone and now trading near $2330
by
romero121
on 20/07/2021, 03:05:43 UTC
This is good sign for ETH. ETH breaks the resistance area after multiple attempts. The next resistance area for ETH is now $2440 and $2600 area. We may see a retest of $2270-$2290 before going higher.
The good sign and a multiple attempts of Ethereum coin is now changed its direction to bear market as the behavior of the market few weeks after is slowly decreasing its value. and if the situation will continue we can say the bear market has started.
Right now the bearish move is happening with the market, but we can't make a perfect statement. In the recent months the market is highly manipulated, and the same can be done by the whales anytime. If there is no involvement of Whales, then what we experience now looks like the gradual decrease of the market. I find the gradual fall to continue till the month of December.