The struggle for the $600-615 range continues. Taking control of this range on December 17, buyers could not keep it.
Yesterday’s break of the trend line, which supported buyers for more than a month, gave sellers the right to form a falling wave.
The sellers set the new local low at $550. Now their main task is to keep the range of $600-615. It is very difficult for buyers to restrain the price from falling. Given that all capital from altcoins goes to BTC , we do not see growth prospects in the medium term.
If you look at the ETHBTC chart, you can see that the sellers broke the annual down. We offer you to find vacations that will help growth in the ETH market. We can’t find them yet.
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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