Unfortunately, the entire market has been in a downfall for the past 48hr+. In the previous TA i uploaded, I stated that the market would most likely dump from $1850 to $1600 area and that was exactly what happened. Eth has dipped below the week support at 1640. However there will most likely be a little recovery seen in the whole market over the weekend from here. So, Ethereum is trying to regain the $1650 - $1700 region. If reclaimed, we might see a possible upwards move from here. if not, then the next stop for Eth is around $1000 - $900 region.
For now it is better to stay off the market and watch what happens before taking any trade.
I will post more update.
For now it is better to stay off the market and watch what happens before taking any trade.
I will post more update.