ETHUSD Falls After New High in 2 Years

ETHUSD CHART PRICE – ETHUSD DAILY

Ethereum found a new high at the beginning of the week and shortly after that it fell drastically to the 420 levels just to recover some ground at the end of the session, it continues that recovery through today’s session, we see that the Relative Strength Index fell to 60%, this could be seen as an indicator that the price could drop or it could also be seen as an opportunity to go long at a lower price, it’s hard to determine what the price could do next, for now I’m gonna wait for another day to see how it behaves in order to make a trading decision.

This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.