Is Ethereum finally breaking out of its downtrend? — weekly crypto overview with David Jones

24w
5:04
Description

Examine the situation on cryptocurrency market by 9 am 22 June 2018. Bitcoin Over the last few weeks, we’ve had two crypto exchanges hacked. But the hack this week didn’t provoke considerable volatility. The 5,900–6,500 area continues to support the price in the long-term. Over the last week, BTC is trying to build some sort of a recovery with a short-term support around 6,400–6,500. Ethereum Ethereum has been in a downtrend for about six weeks already. Will ETH finally be able to crack it? 550 is the level to keep an eye on. If we break it, then the price may head for the 600 support level. In the opposite case, 450 will be the next support level below 550. Explore the recent happenings in the crypto market with David Jones and Capital.com. Sign up for the next webinar by clicking this link: https://register.gotowebinar.com/rt/7947469447814625026 *** Learn more about Capital.Com: https://capital.com/ Facebook: https://www.facebook.com/capitalcom/ Twitter: https://twitter.com/capitalcom Linkedin: https://www.linkedin.com/company/capital.com Google+: https://plus.google.com/109711441877350231296 Crunchbase: https://www.crunchbase.com/organization/capital-com *** Explore trading and start investing with Capital.com. Trading is risky. Where there is potential for gain, there is potential for loss. Learn the risks. Regulated by the CySEC, license #319/17.