$ETH has bounced back from a low of $1,711 and is now trading around $1,815, up 6% from the low.
That $1,711 mark was the lowest since July 8. Yesterday alone, $ETH fell just over 10%, bringing its seven-day decline to 18.55%—one of the steepest drops among major coins.
A bounce is a bounce, but it has only just reclaimed the $1,800 level and hasn’t held above it yet. A quick rebound doesn’t mean it’s stable. The next two things to watch: can it hold $1,800, and can trading volume keep up with the rebound? If it can’t hold, it may have to test the $1,711 low again.
At this point, do you think $ETH is stabilizing or just having a dead-cat bounce?
#以太坊 #CryptoMarket
That $1,711 mark was the lowest since July 8. Yesterday alone, $ETH fell just over 10%, bringing its seven-day decline to 18.55%—one of the steepest drops among major coins.
A bounce is a bounce, but it has only just reclaimed the $1,800 level and hasn’t held above it yet. A quick rebound doesn’t mean it’s stable. The next two things to watch: can it hold $1,800, and can trading volume keep up with the rebound? If it can’t hold, it may have to test the $1,711 low again.
At this point, do you think $ETH is stabilizing or just having a dead-cat bounce?
#以太坊 #CryptoMarket