The second to Cryptocurrency giant after Bitcoin is the Ethereum which is dominant after BTC in the crypto currency world.
Ethereum has been on the uptrend in the recent days and it has dropped down more than 4% of its value in last 24 hours after a correction of BTC, the crypto king.
Current value, volume and market cap details can be seen from below stats taken from the famous site coinmarketcap.com.
Stats: coinmarketcap.com
Below is the live trading chart of ETH/BUSD where the trend reversal is clearly seen.
Chart from binance.com
3951 BUSD is its first support level from where it can take support and bounce back, however, if the support is broken then the next price target may be 2740 BUSD.
RSI and MACD indicators are also showing downtrend of the coin. Let's hope for the best for those who invested in ETH.
Disclaimer: I am not a financial advisor. Please do your own working before any investment. The purpose of this post is just for information.
Thanks and regards,
