Written by Denis HarrisoncontributorReviewed by Cyril Gilsonformer editorEthereum (ETH) Price Trends: 3/22/2016
Latest NewsPublishedMar 22, 2016
The bulls had the advantage, the bears failed to hold the level of $10
The bulls had the advantage, the bears failed to hold the level of $10.
Will the short-term upward trend keep up?
The short-term growth dynamics have formed due to the absence of demand from the sellers. The former level was profitable for deals focused on the medium-term downward trend. This point could be the cut off for a lot of sellers, but the buyers were still more numerous.
The current trend will keep up until the Bears win the advantage. The most likely point for that to happen is $11.4. If the Bulls fail to hold Ethereum’s price at that level, there will be a decline to the minimum of $10.9.
If, however, the buyers hold Ethereum’s price at $11.4, that will be the most profitable point for short-term trend purchase deals. After that, the minimal target will be at around $13 per ETH.
That’s why the best point for trading decisions is $11.4 (BITFINEX).
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