RATE Group | And thus appeared the most important price level for Ethereum
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And thus appeared the most important price level for Ethereum

12 Sep And thus appeared the most important price level for Ethereum

Posted at 05:34h in Ethereum News by

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There are 8 Major Harmonic levels on any chart. Each level represents the hardest and stiffest form of support/resistance when prices get to those levels. They should be the most difficult value area to cross above or below. Where Ethereum is currently trading is the last stand. The final castle. It is the Alamo and Thermopylae.

 

 

The 1/8th Major Harmonic

The 1/8th Major Harmonic is the last Major Harmonic. Below this price level is weaker and weaker support – in fact, there is no major support below here. But this represents a bottom. The support structure here is massive – nevermind Vitalik Buterin’s baseless comments the cryptomarkets never seeing exponential growth. Cryptocurrencies are a new asset. They are a slave to the same constant and consistent patterns of time as the thousands of years of grain markets we have. Cryptos have not even entered the nascent stage – the exponential growth has not yet started.

Nevermind the continued negative news and fear of this…

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