ETHEREUM (ETH/USD):
ETH’s price movement still appears to be lagging behind some other Altcoins in this cycle. Currently, it’s trading just above $2,600.00 and is attempting to break through this internal resistance level for the third time.
A closer look at the technicals reveals strong support along the internal ascending trend line. The RSI indicator shows no signs of the price being “overbought” and is currently quite neutral. If we successfully break through this internal resistance level, I’ll be watching closely to see how the price behaves in higher discounted regions.
Risk warning: Our products are complex financial instruments which come with a high risk of losing money rapidly due to leverage. These products are not suitable for all investors. You should consider whether you understand how leveraged products work and whether you can afford to take the inherently high risk of losing your money. If you do not understand the risks involved, or if you have any questions regarding our products, you should seek independent financial and/or legal advice if necessary. Past performance of a financial product does not prejudge in any way their future performance.