After the huge move ETHUSD had this year, it's showing signs of weakness holding the 300s, both by price action and by RSI in the 4 hours chart. It's also curling back down under the EMA20 and while it may test the MA50 once more here , I think a 3rd test of the 300 psychological and evidenced support level is likely coming within a week or so. If it fails this time, 250s are in sight - where it goes from there would largely depend on overall cryptocurrency sentiment at the time.
For cryptocurrencies you can buy outright with relative ease using USD, such as Bitcoin, Ethereum and Litecoin, I think these round levels become very important, similar to many stocks - i.e., the resistance for ETHUSD at 400. And while I do have a long bias view, might as well trade the levels and find good entry points if you're an investor long term.
For cryptocurrencies you can buy outright with relative ease using USD, such as Bitcoin, Ethereum and Litecoin, I think these round levels become very important, similar to many stocks - i.e., the resistance for ETHUSD at 400. And while I do have a long bias view, might as well trade the levels and find good entry points if you're an investor long term.