Published on May 29th, 2017 | by bitcoin0
Price Analysis for Ethereum on May 23 through May 29
Profitable situation for the bears
The fact that more than 80 companies have joined the Enterprise Ethereum Alliance (EEA) is definitely good news for the Ethereum community.
The leading factor is big sell deals at the peak, during which the price broke through an important resistance line.
Given a new fall, Ethereum price is likely to stop at that resistance line.
If, when Ethereum reaches that mark, a downward reversal doesn’t take place, then the chances are there will be further growth.
If the price rebounds to $12.3 and a downward reversal does not happen, it can grow again.