finvizclub

Ethereum showing interesting price action.

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BITFINEX:ETHUSD   Ethereum
If you look at the entire crypto market cap (price index), you'll notice that the total value is hanging around $200B and indicating strong support (accumulation). This might be something to consider as we move into the final months of the year.

On top of that, we have a stock market that is increasing in volatility (for the second time in 2018). If this volatility continues then i think there is a potential downtrend forming in the stock market. Not that i would allocate 100% to cryptos, but i think this current price area for #bitcoin and #ethereum is quite attractive for an upside play (that is incentivized by a struggling stock market).

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