forkknife777

How low will ETH go?

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POLONIEX:ETHUSDT   Ethereum / Tether USD
I've thought for a while now that there wasn't enough steam to push ETH up another leg, and recent price action has confirmed my thoughts. With the .5 retracement broken, our next stop is likely the .618 at around $157. If it pushes down further, and breaks the long term trending support line starting in April, we'll likely find strong support around $100 (.786). This is a major psychological level, and if $100 doesn't hold, who knows where this ends.
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