Whatever if people agree or not....
the resistance is strong and price climbing....
Anything below 0,003 is still a very good buy in the circumstances
What I don't get is why it didn't track bitcoin on the rise.
It seems a few alts track fiat more than BTC ...
My thought about it is that the eth price was high, but the BTC price a lot higher.
So Mr.X, brought 1000 eth at ~0,0019 btc when it was 230USD
Eth price raised to 0,0030 but then the btc price suddenly climbed to 400usd+.
Then a chunck of the market then sold the high priced eth for btc(+33% profit) and then sold the btc for usd.(+50% profit)
The market is hoping the price will go down enough to redump the volume of the players who were opportunist but still believe in the success of the Ethereum project. At this point you want to follow the volume grow.
PSA:Its my two santoshi and not a investment suggestion neither a professional analysis ! XD