Ethereum traders have time to get involved even if you are bullish
The $2000 level is a large, round, psychologically significant figure, and it makes sense that we have seen a lot of choppy behavior. That being said, it’s worth noting that we have pulled back a little bit overall, as we continue to see sellers get aggressive.Furthermore, keep in mind that Ethereum is presently going through the process of trying to expand the network. While the expansion continues to be very sluggish, there is a real lack of demand for Ethereum.
Quite frankly, Ethereum is going to struggle right along with the rest of theEven if we were to rally from here, the $2200 level should offer resistance, and if we break above there it’s likely that the 50-day EMA at the $2500 level could be a target as well. I have no interest in buying Ethereum anytime soon, because there is more than enough time to get involved in this market if it does choose to rally.
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