ETH is currently at spot #2 in terms of total market capitalization.
At the time of writing, ETH price is currently at $283, slightly down from the time of our analysis two days ago.
Unfortunately ETH hasn't been doing so good, and again it looks like more ranging for the time being. Since the last update ETH failed to hold the temporary support at $280 and crashed down to $270. After a bounce there it is back to the previous range we observed. Right now we're not asking for much, only that it continues holding $280 once more and hopefully edge upwards to possibly test $305 with some buying pressure. The good news is that the break below $280 wasn't as bad as we would have expected, so at least there's that...
On the downside, clearly, the levels we'd watch are $280, $270, and then $250.
On the daily chart for ETH, technical indicators still give a bearish outlook (14 sell, 10 neutral, 2 buy)
On the weekly chart for ETH, technical indicators also give a bearish outlook (14 sell, 7 neutral, 3 buy)
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