The downturn in Ethereum has been so severe that people are not accustomed to seeing Ethereum (ETH) performed exceedingly well. However, that is exactly what is happening today. Ethereum (ETH) has gained around 13.9% today. This has propelled it to the list of the best cryptocurrency performers for the day. It is ranked at the 8th position when it comes to intraday performances of cryptocurrencies.
Ethereum (ETH) is one of the best cryptocurrency performers today:
If you’re thinking of investing in Ethereum (ETH), you have to mind the resistances as well. Only when you’re careful of the resistances, you can think about investing. The next resistance is around $ 143. On the lower side, there are a few supports and the closest one is around $ 111. Since it has rallied relentlessly, there are increased chances that it might give up some of its gains as well. This is the reason why you should always think about buying near the supports.
Many of the investors do not even know whether they will be able to see the same levels or not. In order to rise to newer highs, it will have to increase by more than 9 times from the current price levels as well. This is certainly not an easy task. It will require a lot of momentum as well as lot of buying. After the recent downturn in cryptocurrencies, not many of the investors are betting on such upswing in cryptocurrencies. That is why; you have to be careful while investing at these levels.