Interesting situation can be spotted on the Ethereum. In our last analysis on the 4th of April, we were bearish, even though that the price was on the green side of the market:
“As for now, we are seeing a bounce, so in theory, the price should aim the 500 USD resistance. Why we are not convinced about that though? Well, the rise is really miserable. The price is still putting a heavy pressure on the 390 USD support. In my opinion, this area got defended only thanks to the external bounce of the cryptos leaded by the BTC. „

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