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 ^^ !
ETH was able to reach a thousand dollars from just $1. If that’s possible, that means that the current price is cheap. Anyone who doesn’t know that the current price of Ethereum is cheap should know that they are missing out.
Some people don’t take opportunities when it’s right in front of their door, they only go after it when it already left. Those that don’t buy ETH now will come here to complain and say that the price is high later, just like they did when Bitcoin was at the price of $19000