Can Ethereum continue holding its $1000 level amid major sell-off

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer.was trading at $1,980. The $1,750-$1,950 range was a long-term support zone for Ethereum. It was speculated that ETH might halt its nosedive in that area and begin to move back higher. However, a swift plunge beneath $1,900 and $1,750 saw Ethereum fall headfirst once more. This drop took the altcoin to the $890 region.

A week prior to this, the $1,043 support had been respected. The recent plunge back beneath this level meant that the bias was strongly bearish once more. The market structure showed that new lows could be sought. The RSI was also deep within the bearish territory and flashed a value of 23.

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Ethereum Classic: These levels could be the demand zone next weekDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Like many altcoins in the crypto sphere, Ethereum Classic [ETC] has also been on a long-term downtrend on the charts. In February and March, the price did in fact break the long-term bearish market […]
Source: CryptoAmb - 🏆 22. / 68 Read more »