TL;DR Breakdown Ethereum price analysis shows corrective movement after the flash crash.Ethereum followed the king Bitcoin into a flash crash.Strong support is currently found at the $3,339 mark.Strong resistance is currently found at the $3,567 mark. Ethereum price analysis reveals that the queen of cryptocurrency once again followed the king Bitcoin into a flash crash. The flash crash took the price down by almost $700 to the $3,055 level. The queen recovered quickly in a similar motion as Bitcoin, and the price managed to get stable at the current price range of $3,450. The queen has been enjoying independent motion for the past week, and the flash crash has been less disastrous to the queen than it is to the king. The current motion is marked with bearish signals amidst the corrective momentum trying to recover from the loss. Ethereum price analysis: 1 day chart reveals bearish crossovers Compared to Bitcoin, the Ethereum price analysis chart is showing lesser bearish indications since the queen is only following the market momentum at the time of writing. The upper Bollinger band is present at the $4,048 mark showing the highest resistance for the queen with an increase in the overall volatility on the charts. The lower Bollinger band is found at the $2,872 mark showing the strongest support level and marking the lower end of the volatility band. ETH/USD 1-day candlestick price chart. Source Trading View The only bearis...
