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Today, Ethereum is trading within the zone of the average weekly movement, which may become an obstacle to the continuation of the momentum. On the other hand, this will allow you to get favorable prices for the purchase of the instrument. The zone that can become the support is the price range 1870-1847. Keeping the price above this zone will open the way for the growth of the instrument to the next target, which will be $2000.
Working towards the growth of the Ether presents great opportunities for fixing positive positions. Working in the direction of reducing the price is not profitable, ergo, it is not worth trying to sell the instrument from the "overbought zones." It is most profitable to look for buying opportunities at prices below 1870.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
