The Ethereum rate is still in the lateral movement.
Priority of the day: a decrease in the rate of ETHUSD to $ 410.
We stick to our vision of continuing the fall of Ethereum to the nearest low. It is not excluded that near the zone: $ 410 - $ 400, buyers can take the initiative in their hands.
Projected scenarios:
1. The ETHUSD rate will drop from $ 480 to $ 410.
2. The ETHUSD rate may continue its lateral movement for another day.
Alternative scenario:
The rate of Ethereum can exit flat upwards, to $ 500.
Naturally, then we will incur losses on Ethereum short position.
Priority of the day: a decrease in the rate of ETHUSD to $ 410.
We stick to our vision of continuing the fall of Ethereum to the nearest low. It is not excluded that near the zone: $ 410 - $ 400, buyers can take the initiative in their hands.
Projected scenarios:
1. The ETHUSD rate will drop from $ 480 to $ 410.
2. The ETHUSD rate may continue its lateral movement for another day.
Alternative scenario:
The rate of Ethereum can exit flat upwards, to $ 500.
Naturally, then we will incur losses on Ethereum short position.
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