Etherum consolidation - Opportunity to buy?

24 พ.ค. 2018

Ethereum is trading marginally above $500 in yet another downslide that is crippling most of the major cryptocurrencies in the market.
Bitcoin and Ethereum are fairing well compared to other cyrptos.
Most analysts are bullish on Bitcoin and Ethereum for a long term hold.
Some even projecting a possible $2,500 Ethereum price value the end of 2018.
Many analysis say that Bitcoin and Ethereum are close to or already have found support at current levels.
Fibinacci retracement indicates next all time highs could reach $2,091 or $2,500 for ether.
RSI indicates Ethereum 1.86% is over-sold so this could be an opportunity to buy.

Ethereum could dip lower but the long term outlook is bullish.
It is a cryptocurrency that provides a smart contract platform for hundreds of developing blockchain technologies that have yet to go main stream.