The ethereum is currently trading at $1999,on the weekly chart it had the highest price of $2151 and it had the lowest price of $1930.....
on the daily chart it had a resistance level at $2037 and it find it difficult to break that price level and that has sent the price down to the current price....
My indicators are showing me that the bullish market is currently weak and that there will be a retracement so that means that we should expect a less or no bull run for now,the ethereum price is expected to touch around $1800 before the price starts his previous bull run again.......
But if the ethereum price is able to break the $2037 price level then it means that the next price target will be at $2129 and above and that itself signals another new set of a bullish market,but for now the market appears bearish and as an investor the best decisions to take it to keep your fingers crossed and never trade against the market.....
And for those who just want to newly join the market,they should hold on till the end of this week to see the behaviour of the market in order to make the right decision on whether they should invest or wait a bit more....
