Ethereum Price Analysis
Ethereum weekly price analysis - Bears still on topEthereum price continued dropping during last week's trading sessions, after a brief upwards price correction attempt that took the price to a week high of $590. As per our technical analysis, ethereum price is likely to continue dropping towards $385.20, which an important support level that can trigger an upwards price correction attempt.
ETH price weekly analysis - brief upwards price correction attemptEthereum price dropped by around 25.4% during the previous week. An upwards price correction attempt began building up on Sunday. As per our technical analysis, this upwards price correction attempt will be mostly brief and will last no more than a few days. Ethereum price is likely to continue dropping after the price correction attempt faces resistance around $610.
Ethereum price analysis - Heading down to $580Ethereum price lost around 20% of its market value during the past week. The market has been moving along a steep downwards sloping resistance level that can take ethereum price down to $621, or even $580, before the current bearish wave can be reversed.