Ethereum recovered slightly above the primary support at $250, but the price is still capped below $290.
“So it’s really the ‘trader types’ that are moving them (token prices) around,” Joseph Lubin.
Ethereum is one of the worst hit cryptos in the market by the price swings in August 2018. The digital asset has been butchering support areas to the extent of trading lows slightly above $250. A slight bullish trend has, however, swept across the market during the Asian trading hours on Wednesday 15. ETH/USD has broken above the trendline resistance as observed on the chart."Ethereum Recovered Slight above Support"
