Regulation Isn’t A Trouble For Market

According to Ethereum co-founder and the ConsenSys head Joseph Lubin, Ethereum, as well as Bitcoin, was very fortunate to evade the regulators at the project launch.

Perhaps, this was a contribution to its development, but we must understand that they will have to reach agreements for staying afloat today.

Since the last analysis, the price crossed the equilateral triangle lower edge and flew down to the 177 level, followed by this figure’s re-test.

Note, the ETH price  is often broke through different figures in the downward movement direction, but it turned out to be a bear trap.

The closest reference point is the 155-160 zone for bears, where the buy orders are concentrated much.

It is recommended to open short positions with a short stop loss at 190.