Crypto-currency market: Ethereum is near significant support

The pair ETH/USD, after updating the high at the beginning of the week, resumed the decline, thereby confirming the two-week downtrend. The pair, in turn, is traded in the side triangle, which may serve as an occasion for the formation of a flat. This is possible after the closing of the ETH/USD above 682.500.

Otherwise, from 682.500-688.000 it is worth considering sale deals. With targets of 650.000 and 630.000. To confirm the decline, it’s worth making sure that the pair leaves the triangle and closes below 670,000.

Fig. ETH/USD. Current price – 678.000

Also, read: “The decline in the Crypto-currency market. Crash or transformation?!”

Dani Leviant