FX.co ★ #Ethereum chart analysis

Analysis and forecast for trading instrument #Ethereum based on technical analysis Last week, the cryptocurrency market experienced a significant decline, and overall, the trading instrument Ether was no exception, with prices dropping from 2000 to almost 1500, which is a decrease of over 25 percent. Currently, we see a slight pullback in price, but the nearest significant resistance level is at 1950, so this doesn't mean much. Instead, we now have to wait for new levels to form for trading. For the upcoming week, we can expect the price to continue decreasing due to inertia, but consolidation is likely to occur to stabilize the situation and establish new trading references. I do not expect the price to aggressively target the round level of 1000, but if the trading instrument #Ethereum manages to break below 1500, we could see a decline to 1400. In the current circumstances, buying is only advisable for the long term, although I am not certain that the cryptocurrency market has reached its bottom yet, so there may be other opportunities ahead.