Monthly reviews

Ethereum market technical outlook

Monthly chart:

Ethereum continues its slide in direction of the handles 50.00 and 00.00 (!). It’s weird to see this, but we can really witness the crash of cryptomarket. We should see how investors will react on this fall. New funding can save the coin. But are people ready to lose this money - it’s a big question.


Expectations:

Continuation of decline in direction 50.00.

Trading recommendations:

Shorts towards 50.00.