Ethereum Bounces From Crucial $2500 Level - Crypto cryptotrading cryptocrash
That being said, we have bounced just a bit to show signs of life, and therefore I think we could get a situation where the $2500 level suddenly becomes a bit of a battleground.The shape of the candlestick is a bit of a hammer, but I do not read too much into it other than the fact that we probably get a little bit of a bounce.
Quite frankly, crypto is not the place to be right now although I do hold some of their him for the long term. One of the best ways you can trade this market is to wait for massive selloff like the one that we have just had and adding slowly. The market breaking down below the $2500 level could open up a move down towards the $2300 level, and then eventually the $2000 level. This chart looks horrible, and I really see no real reason for it to change anytime soon, unless of course the Federal Reserve changes its monetary policy.
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