Glenn408

ETH/USD next support level?

COINBASE:ETHUSD   以太坊/美元
ETH is trading below the 20 and 50 EMA (a 20/50 cross over may happen in a few days which is viewed as bearish ), Heikin Ashi bars are red and the general trend is down within the channel. Listed potential support levels, 100 and 200 EMA , Fib levels, the spike low a few months ago and the level before the massive breakout. Where will the support be? Potential buying opportunities for those interested in ETH as a mid/long term hold.
Volume spiking up, is it sellers getting out before it falls off, or buyers thinking it's ready to rally off the 100 EMA? Watching closely.
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Glenn408 race87
@race87, From the coinmarketcap page for ETH and under the markets tab, the 2 markets with the highest volume trades are ETH/KRW. It looks like the South Korean's are trading ETH fairly heavily... I'd keep an eye on BTC, if that continues to drop, the rest of the crypto's will typically follow.
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