The ETH/USD pair made an attempt to stabilize its price and return to growth during the last few days of the previous workweek. It was rejected right at the downtrend corridor, at $194 and continued its way down. The solid support zone between $190-$180 was also broken and on August 28 we saw the ether closing below $180 for the fist time since May 2019.
The doors are now opened for $150, still I expect that we see a support around $165 as well. If bulls manage to rebound from there and stablize once again above $180, then things might look brighter for them in the near future.
The doors are now opened for $150, still I expect that we see a support around $165 as well. If bulls manage to rebound from there and stablize once again above $180, then things might look brighter for them in the near future.