Cryptocurrency went up by 6% per week. Etherium rate rose this week to $ 170, but the coin could not finally fix at this mark and fell to $ 166.
Analyst Aayush Jindal says that as long as Etherium is above $ 165, the asset has every chance of growing up.
But if the rate of Etherium rolls back and cannot pass the bar of resistance level of $ 164, it will resume its decline.
Immediate support for Etherium is at $ 158 and the maximum price can fall back to $ 153.
The analyst believes that such a volatility of the exchange rate is due to the fact that a huge number of people want to sell Etherium sharply, this month the trading volume is especially high, but of course it remains a mystery that heralds such a jump in the market in the future prospects of Etherium, is this good or bad analysts have not yet reached a consensus.
Nevertheless, Aayush Jindal claims that if you want to sell Etherium, it is better to wait a bit until the situation with the course stabilizes.
Major Support Level – $ 153
The main resistance level – $ 165
