ETH reaches critical point in its bounce to survive. A must cross barrier or U-turn to the pits. Ethereum, the third largest cryptocurrency by market capitalisation which is playing cat and mouse game with XRP for the second largest crypto tag, has reached a critical point in this bounce where, a 5-10 percent more rally and sustainance would be enough for it to try and aim higher up and regain the tag of second largest crypto. ETH/USD is down about eight cents of a percent at $118.56 and just like BTC, its trading in a very narrow range of just about 1 percent. At this juncture where it needs to breakout from a descending parallel channel on the daily chart, bulls need momentum and volume to drive it past the upper end of the channel. Failure to cross past the upper end, which is placed at $123.25, ETH is destined to fail and go well down to the pits and all the way into the deep double digits. ETH/USD daily chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Litecoin: Momentum on its back FX Street 4 years ETH reaches critical point in its bounce to survive. A must cross barrier or U-turn to the pits. Ethereum, the third largest cryptocurrency by market capitalisation which is playing cat and mouse game with XRP for the second largest crypto tag, has reached a critical point in this bounce where, a 5-10 percent more rally and sustainance would be enough for it to try and aim higher up and regain the tag of second largest crypto. ETH/USD is down about eight cents of a percent at $118.56 and just like BTC, its trading in a very narrow range of just… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
