Let's take a look at some of ETH's past performances:
- From 1 -> 6/2017, the market has witnessed a tremendous ETH growth from under $ 10 to a peak of $ 400 (x40 times).
- From $ 6 to $ 201, $ 400 has become a psychological resistance when prices try to break and fail twice.
- Until the end of 2017, the price of the fourth and breaking through the $ 400, then breakthrough growth to $ 1400
- In the next 3-4 months, prices fall almost no brakes back to $ 400, also Just like the way it rose without brakes in late 2017.
- In April of this year, the price was about $ 400, the old resistance has become support. This month we see a rebound in the $ 800 range. Technically, this is only a wave in a long term downtrend of ETH.
- From 5-8 / 2018, downtrend continues, dump back to $ 400 and sideways in this segment more than a month, so that investors mistakenly came back to the support and buy.
- August 8, 1818, the price of the support $ 400 before the surprise of many people, bad news began to be launched.
- In September, 1818, bad news about ETH was released continuously, creating FUD for many investors to discharge or cut losses for fear ETH will be less than $ 100. And also this month, the volume increased significantly. So what does this mean?
My personal point of view:
- Current price is at the support in the past
- Different sections dump earlier when the volume nothing special, period September last price sideways for about $ 170- $ 230 with high volume. This indicates that a large hand is purchasing ETH that is discharged. "There are sellers, there are buyers."
- And when the period Cumulative is completed, "the shark" has held a number of coin large in hand, we can expect waves Push price (Mark Up) upcoming
On technical perspective, the $ 400 is a strong resistance zone, with traders trailing at the bottom. So if price is pushed to this area will appear large discharge, so we only put Target 2 here. Depending on the strategy of the fleet, we will analyze after the results.
Hope the article has given you a perspective on the market ^^ !
Actually, with common sense, for most investors, ETH is down, most of the tokens are down and trading below ICO price and for the ones with great potentials, this is actually a good time to be taking advantage of them and considering that the chances of seeing the market boom in the long run with ETH already under priced, and the growth it could have in the future, it would be easy to see the chance to become a bigger investor when the market rises hugely. Technically at the moment, this is actually the time to be getting into most markets.