Ethereum, Is undervalued and its going to change! – Ultragamerz, The best Technology & game news

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Many believe ETH should be priced much higher that what it is right now. After all while BTC was at $20000 ATH, ETH was about $ 1200. Now BTC is almost half that price but ETH is about 20% of it ATH.

  • ETH price has support above the $205, but struggles to break higher resistants
  • The price is facing a few key resistances near the $212 and $215 levels.
  • The pair could either rally above the $215 resistance or it might soon retest the $200 support level.

The price topped near the $215 level and recently corrected gains. It broke the $210 level plus the 23.6% Fib retracement level of the recent recovery from the $197 low to $215 high. However, the declined was protected by the $205 support level. Moreover, the 50% Fib retracement level of the recent recovery from the $197 low to $215 high acted as a decent support zone.

ETH short term, Credit by newsbtc.com

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Mohsen Daemi

Mohsen Daemi|News author and moderator for news and gaming articles in ultragamerz.com. Mohsen as video games news reporter along everybody in ultragamerz work hard to bring you all the gaming news from direct and trusted sources. Mohsen provides the most recent news and trends of gaming. He has been Working last 6 years on online platforms, medias and online publishing. He was a contributer for fotoup.com and now in popular-photo.com. Mohsen is based in Massachusetts. In ultragamerz we provide the most recent news of technology and gaming.

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