Ethereum, on the verge of a rise?! – Ultragamerz, The best Technology & game news

  • ETH price is under a lot of pressure below the $170 and $175 resistances against the US Dollar.
  • The price is likely to decline sharply if it settles below the $165 support area in the near term.
  • There is a declining channel forming with resistance near $169 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could start a decent recovery if the bulls manage to push the price above the $175 resistance.

Many believe ETH should be priced much higher that what it is right now. After all while BTC was at $20000 ATH, ETH was about $ 1200. Now BTC is almost half that price but ETH is about less than 20% of the ATH.

Why things are falling in crypto? :

 

Categories: cryptocurrencyGaming NewsTechnology

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Mohsen Daemi

Mohsen Daemi|News author and moderator for news and gaming articles in ultragamerz.com. Mohsen as video games news reporter along everybody in ultragamerz work hard to bring you all the gaming news from direct and trusted sources. Mohsen provides the most recent news and trends of gaming. He has been Working last 6 years on online platforms, medias and online publishing. He was a contributer for fotoup.com and now in popular-photo.com. Mohsen is based in Massachusetts. In ultragamerz we provide the most recent news of technology and gaming.

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