Bears have come back to the game, according to CoinStats.
ETH/USD
The price of Ethereum (ETH) has declined by 0.19% since yesterday.
On the hourly chart, the rate of ETH is falling and there are no reversal signals yet. If the daily candle closes near $2,913, the fall is likely to continue to the $2,900 zone tomorrow.
On the bigger time frame, the price of Ethereum (ETH) is going down after a failed attempt to fix above the $3,000 zone.
If buyers cannot come back to the game soon, the breakout of $2,900 might be a prerequiste for a further correction to the $2,800-$2,850 area.
From the mid-term point of view, the bar is about to close far from it peak which means that buyers might face a local decline. If nothing changes, one can expect a test of the $2,700-$2,800 next month.
Ethereum is trading at $2,944 at press time.
Read More: Ethereum (ETH) Price Prediction for February 23
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.