No reason to be buying ethereum here, as the primary uptrend since December 2018 ~ June 2019 have just been broken.
If you're in for the long term, you can always wait for it to break above 200/50 daily moving average and buy the re-test. It might be months away... your capital could have been better deployed elsewhere instead of hopium.
There might be a sucker bounce to re-test $200, dont be trapped! :D
- Below 200/50 daily moving average
- $200 resistance level
- Consolidating for the next move down
- Bitcoin block halving in the fall of 2020
If you're in for the long term, you can always wait for it to break above 200/50 daily moving average and buy the re-test. It might be months away... your capital could have been better deployed elsewhere instead of hopium.
There might be a sucker bounce to re-test $200, dont be trapped! :D