Consolidation in the ETH/USD market

Ether is currently in a consolidation area.

The previous week massive sell out and following price drop shocked many investors.

The price has fallen nearly 70 USD down.
It was confirmed by a strong volume.
The sellers moved the price below the 30 EMA, what gives us a sign, that the Bears have the power in the market currently.

For now buyers and sellers agree in price. I guess it won´t last that long and probably we will see another price drop.


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