Eth: $Eth chart is very similar to Bitcoin and price is movin | MORNING INVEST

Eth:
$Eth chart is very similar to Bitcoin and price is moving in a range of $1700-$3000. Eth price took dip at $1705 yesterday and bounced beautifully along with BTC. It hit the same zone we suggested picking up eth in the last post.

In short term, situation will be critical for next 7-15 days as many mining industries will shift from china to other parts of world. But acceptance and adoption of Ethereum is increasing day by day. We are seeing many governments and banks are using and testing EThs blockchain.

$2270 and $2630 is the next short term resistance, while $1700-$1800 is a good buy range.

Sentiment: Short term weakness but long term Very Bullish.