Ethereum price corrected lower and tested the $1,935 support. ETH is likely forming a double-bottom and might start a decent increase.
Ethereum reacted to the downside and tested the $1,935 support.
The price is trading below $2,020 and the 100-hourly Simple Moving Average.
There was a break below a key contracting triangle with support near $2,025 on the hourly chart of ETH/USD (data feed via Kraken).
The pair is likely forming a double-bottom pattern and might outperform Bitcoin.
Ethereum Price Revisit $1,935
After facing rejection near the $2,090 zone, Ethereum price reacted to the downside. ETH traded below the $2,050 and $2,020 support level to enter a short-term bearish zone, like Bitcoin.
There was also a break below a key contracting triangle with support near $2,025 on the hourly chart of ETH/USD. However, the bulls took a stand near the $1,935 support zone. It seems like Ether is likely forming a double-bottom pattern, while Bitcoin is forming a double-top near $38,000.
Ether
We współpracy z: https://www.newsbtc.com/analysis/eth/ethereum-price-holds-ground-1935/
