Could This Be the End of the Uptrend for ETHUSD?

ETHUSD CHART PRICE – ETHUSD DAILY

ETH has been very volatile in the last 20 days, most cryptos are taking a beating today, but could this be the end of the downtrend for cryptos, I doubt it, I still think that we should not go against the trend that started 3 weeks ago, even with the Relative Strength Index below 70%, which we didn’t see since June 21st, I believe that many traders will use this price drop as an opportunity to buy at a lower rate and enter the market at a better price, although its important to study some fundamentals before making this decision, Rsi is now at 61% if this continues to fall then we are gonna have a new discussion on whether or not ETH could reach its support level at 338 usd, the bollinger bands are closing up but still very wide, we can continue to expect volatility.

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.