Ethereum Price Analysis for March, 13th – ETH Attempts to Recover Are Inefficient

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ETH Stabilizing After CorrectionBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex This morning, Friday, March 13th, the ETH is attempting to correct after a disastrous slump yesterday. It is generally trading at 119.40 USD. Last time, the ETH was so cheap in February 2019. The Ethereum is experiencing sales alongside with virtually the whole crypto market. Some cryptocurrencies have lately declined by 50%. On D1, the declining wave tested the psychologically important support level of 100.00 USD. In the short term, the quotations may perform an ascending correction. However, after the pullback, the decline will continue, aiming at the long-term low of 80.86 USD

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