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I've been watching ether moving from the high of $497 to $306 to be percise but as recovery from that level is loosing momentum or one could say running out of Gas, I would like to target my next short term move towards $284.
From that level of $284, We can expect some strong recovery attempt. Ether sell off is the was on the cards becaise of highwr gas issues and congestion in network. Now, as investors has started to look for mainnet as another substitute of Ether offered by TRON Network, Ether investor has started to liquidate their positions and hence it results in massive sell off Ether market has lost more than 30%, Since Thursday Last week.
I'll cover up more on this topic in my upcoming post . Tron Mainnet launch is ready to be launched in September 15
Getting back ro Ether, I've not seen any serious attempt by bulls since the low around $80 level and If I get a chance then I would suggest selling again around $440 level with small stops. Watch The Price Action and tell me in comments how to feel about Ethereum Technicals.
More to come on Technicals in coming days.
ETH will keep stay in 300$ above and it will not go down easily in 200$ why because of fork crypto that support eth and alot of country is already introduce the ETH and as far there is computer running ETH will keep in 300$ up