3 min readETHEREUM (ETH/USD):
Ethereum’s price remains under pressure, currently trading just below $2,500. If it continues to decline, I’ll be closely watching how it performs around the lower support level near $2,200.
A closer look at the technicals reveals that we’ve broken below an internal ascending trend line. The RSI indicator isn’t showing any signs of the price being oversold in this area. However, with election results coming in today, I anticipate significant volatility throughout the day and plan to reassess after the results are in.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
