Ethereum - demand rules!
The second in ranking cryptocurrency in the last 24 hours lost over 3%, and its capitalization is over USD 65 billion. In four days, we recorded increases reaching the new ATH at 750 USD. Capitalization, on the other hand, reached a surprising level of over 72.5 billion USD. The ETH network exceeded 10 transactions per second, which resulted in a significant number of pending transactions.
Looking at the chart, it can be seen that the downward correction started at the point of 261.8% of the internal Fibo abolition of the previous downward correction.
While looking at Fibo's measurement of the recent upward trend, it can be noticed that the price reacted to 38.2% level and moved north.
If the declines continue, a good place to buy will be the abolition of Fibo 50% coinciding with the support of 576.5 USD.
Alternatively, in the case of further increases from the level in which we are now, a good place to buy will be breaking the resistance of 750 USD and its test from above.
Looking at the chart, it can be seen that the downward correction started at the point of 261.8% of the internal Fibo abolition of the previous downward correction.
While looking at Fibo's measurement of the recent upward trend, it can be noticed that the price reacted to 38.2% level and moved north.
If the declines continue, a good place to buy will be the abolition of Fibo 50% coinciding with the support of 576.5 USD.
Alternatively, in the case of further increases from the level in which we are now, a good place to buy will be breaking the resistance of 750 USD and its test from above.
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