ETH Dripping Below $100 – Ethereum against US Dollar is still liquid though it is down 8.5% last week and down 7% in last day. The bear bar that not only confirmed the bear breakout pattern set in motions by declines of early August but closed below $160 hinting of underlying bear momentum. Global exchange.
Gains above $130 and $160 before current bear momentum and aim for $250 and later $300. From the candlesticks arrangement, bear momentum is clear and break below $100 is possible. If that undesirable meltdown prints, then we expect ETH to capitulate to $40 and in worst case scenario to $2.
Global Exchange. Solid confirmation of three bar bull reversal pattern of Nov 28. Lift of price above $130 and towards $160 in a retest phase of an overall bear breakout pattern. 7% loss in yesterday’s market could be news for the price to drop below $100 at the back of strong volumes then we could see bear resumption and it could push ETH price back to $75, $50 and $1. Globalexchange. The holding of ETH is recommended until the price edge above $130 igniting traders to aim at $160 or dips below $100.
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