Crypto Meltdown $ETH Testing Jan Low
The entire crypto market is in panic mode today. The news has been utterly terrible particularly with the collapse of 
LUNA and the 
UST stablecoin. Ethereum is testing the January lows around $2175-$2200. This level needs to hold. If Ethereum cannot gain footing here it's a high likelihood it will test the psychological $2000 level. Given the extreme oversold conditions I do expect a near-term bounce that could bring Ethereum back to the $2400-$2600 range in the next several days. Ultimately Ethereum needs to find the range it is comfortable in to begin consolidating before sustained price recovery occurs.
LUNA and the UST stablecoin. Ethereum is testing the January lows around $2175-$2200. This level needs to hold. If Ethereum cannot gain footing here it's a high likelihood it will test the psychological $2000 level. Given the extreme oversold conditions I do expect a near-term bounce that could bring Ethereum back to the $2400-$2600 range in the next several days. Ultimately Ethereum needs to find the range it is comfortable in to begin consolidating before sustained price recovery occurs. 
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.