Ethereum Price Analysis for February, 11th – ETH Deep in Correction

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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, February 11th, the ETH is declining, trading at $219.78. This is the second day in a row in the “red zone”. On D1, the Ethereum keeps demonstrating an uptrend as a correction of the previous decline. By now, the quotations have broken out the resistance line of the previous channel, which means an attempt to speed up the growth to the target level of 50.0% ($239.50) Fibo. Also, the ascending of the MACD lines supports the market intention to grow. However, in the short term there might happen a pullback to

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