CSFX Market News | Global Market Update

  ETHEREUM INVESTORS ARE SUFFERING MORE THAN EVER, VINCI PROTOCOL COMPLETES SEED FUNDING OF $2.1M Ethereum rose 8.25% to $1,174.53 on Wednesday. Mike Novo Gratz says after the merger Ethereum had a big move down. The merger was an amazing performance in lots of ways, it shows the decentralized community can accomplish something that’s really complicated. We all know that Ethereum had gone from $1000 to $2000. After that, we could clearly see a pullback after that and mike feels that $1,250 should be the bottom here and so Ethereum is closer to the bottom than the top. Novo Gratz says that bitcoin falling dramatically because of increasing interest rates by institutions, Blackrock deal with Coinbase and their own fund when people are coming to buy and bitcoin could go as lower as it can. Read More 

  ETHEREUM TECHNICAL ANALYSIS: WEEKLY CHART In the weekly charts, ETHEREUM is trading in a downward channel. It is trading below all SMAs: MA (20), MA (50), and MA (100). RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness. The immediate support is at 1035 and the resistance level is at 1675 ETHEREUM is trading in a downward channel until there is a trend reversal. ETHEREUM TECHNICAL ANALYSIS: DAILY CHART CLICK HERE FOR FULL REPORT 900% TRADABLE BONUS  650 TRADABLE BONUS  DAILY  LIVE TRADING SIGNALS  DAILY  TECHNICAL ANALYSIS REPORT  OPEN  LIVE ACCOUNT /  DEMO ACCOUNT FOR MORE UPDATE VIST US  HERE 

 Ethereum Price Technical Analysis and Ethereum Trade Signals In the weekly charts , Ethereum is trading in a downward channel. Ethereum is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level. Ethereum will follow a downtrend in the coming weeks. Ethereum’s crucial resistance level is at 2,825 which is near 20 days SMA as of now. There are no signs of a bullish trend. Bears have their tight grip on Ethereum. TRADE SIGNAL-ETHEREUM SELL: 3,120.20, TARGET:-3,020.20, STOP LOSS:- 3,170.20. Check More Technical Analysis - Click Here