The market is sitting just below the $1800 level, an area that I think a lot of people will be paying attention to.
The market had been supported in that general vicinity for quite some time, so now one would anticipate that “market memory” comes into the picture.There should be a significant amount of noise between $1800 and $2000, so I think it’s very likely that we will continue to see a lot of pushback in this general vicinity. In fact, it’s not until we break above the $2000 level that you can suggest that this market is going to take off for a bigger move.
Regardless, I think you have a bit of noisy behavior ahead of you, and I think it’s going to be very difficult to break above the $2000 level. If that does happen, then it’s likely that we would see other altcoins as being the real play. If Ethereum takes off to the inside, it’s likely that a lot of the smaller markets will continue to see upward pressure as well.
if you miss the Ethereum trade, you may be able to pick up some other coins as they should be even more effective.
Source: Digital Coin News (digitalcoinnews.net)
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