ETH Recovers Lost Ground From Previous Session

ETHUSD CHART PRICE – ETHUSD DAILY

After seven straight sessions with massive gains, Ethereum found a bump in the road on the previous candle, only to get that ground back almost right away, it currently trades at 322.33 which to be honest I was not expecting, although we all know the potential of cryptocurrencies to go up in a very short period of time I did not think it would go this high in current markets, there are other fundamental factors driving the price of cryptos up, which we do not take in consideration for these analyses, however, it would be a good idea for traders who are interested in trading cryptos to always be aware and informed of fundamentals as well as technicals, it will be very interesting to see how ETH behaves in the next days, it could break the new resistance or bounce back closer to the new support, for now, I’m gonna stay out of the cryptos until they settle and until I can identify a clear trend that I believe I can capitalize on 

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.