Ether Weekend Price Synopsis: 2016-05-07
Ether has seen a recent drop to sub 0.020 and has begun a slow rebound in mostly sideways movement. Weekly support and resistance is shown in yellow. These weekly values are 0.01665000 support and 0.02342666 weekly resistance. The two trend lines – descending and ascending – are shown in blue. Unless greater support is seen the weekly trend outlook is for a continuing price decline.
The range is the difference in price within the stated interval:
Ether is down -6.73% on the day, up 19.86% on the week and down -15.90% on the month. The trend line is sideways. ETHBTC saw weekly support at 0.01665000 and weekly resistance at 0.02342666. Market sentiment is bearish.