Ether could fall to $1,000 or lower, chart shows
Ether could fall to $1,000 for the first time in two months amid volatile price swings ahead of the long-awaited Merge update.
Technical indicators on momentum and price trends show that the token’s tumble from a peak of about $2,000 in mid-August to the current zone near $1,500 is likely to continue.
“Ether has broken down below initial support from its 50-day moving average, increasing downside risk with short-term momentum now negative,” said Katie Stockton, co-founder of Fairlead Strategies, who suggested that a retest of support at around $1,000 is likely "in the coming days", Bloomberg.
via.TITVN
