Ether is showing signs of short-term recovery against the dollar. EUR / USD crosses the resistance at $ 380.00 and is currently facing other barriers of $ 400 and $ 420. However, the current price is Sideway at $ 380 - $ 390 area.
- Ether prices recovered after forming support around $ 360.
- ETH / USD broke a significant downtrend line with a resistance at $ 380 on the 2-hour chart.
- ETH / BTC is trading at the Sideway (neutral zone is not trending) around 0.0550 BTC.
THAT ETH / USD CAN BE RESPONSIBLE?
As soon as we get BTC at 15k USD ->>> ETH will also recover to ~1k USD. Or when Buterin makes some updates to ETH chain.
Current recovery is not a solid point on which you can base your opinion. After such huge correction I expect that everything may happen - even ETH at 250-300 USD. Month ago I didn't want to participate in ICO @ 700 USD per 1 ETH because I waited for market recovery. I beleived that 700 USD was a deep.
But now I may expect everything...