Ethereum recovered from a ultimate support level. Foley & Lardner showed, that Ethereum is more popular within the investment community. Ethereum is trading at $434 after having touched $416 on Thursday. Sloping long-term trendline broken on July 4, creates as a solid support area for the second largest coin with current market value $44.1B. Ether’s average daily trading volume is registered at $1.4B. ETH/USD is up 1% on a daily basis, creeping higher amid global correction on the cryptocurrency market. Meanwhile, US-based legal firm Foley & Lardner surveyed investors interested in digital assets and found out that 38% of the respondents prefer Ethereum as an investment option, Bitcoin was chosen by 35%. Ethereum’s technical picture Looking technically, ETH/USD is supported by 50-SMA at $435 (1-hour chart). Once it is cleared, the sell-off may be extended towards $420 and $412 (the mentioned above trendline). On the upside, the resistance is created by 100-SMA at $446, followed by $460, which is a critical Fibo retracement level, strengthened by 200-SMA. ETH/USD, 1-hour 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 USD/JPY bullish now, focused on 113.40/75 – UOB FX Street 5 years Ethereum recovered from a ultimate support level. Foley & Lardner showed, that Ethereum is more popular within the investment community. Ethereum is trading at $434 after having touched $416 on Thursday. Sloping long-term trendline broken on July 4, creates as a solid support area for the second largest coin with current market value $44.1B. Ether's average daily trading volume is registered at $1.4B. ETH/USD is up 1% on a daily basis, creeping higher amid global correction on the cryptocurrency market. Meanwhile, US-based legal firm Foley & Lardner surveyed investors interested in digital assets and found out that 38% of the… 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.
