Where Crypto is going now

Before we start I would like to say this is not FINANCIAL ADVICE AND IS FOR ENTERTAINMENT PURPOSES ONLY. 

Alright, where is crypto going now? So I will focus on Ethereum but this will also be true for all other crypto's. So where is ETH going right now I believe that we will go and test June's low of 900 dollars. If that support is still strong we will stay at that price point and will probably be there for a while. On the other hand, if that support breaks. More pain ahead. We're headed to 200 dollars per ETH which is 2018 crypto crash support level.

If that support breaks which is highly unlikely but it could happen if that does happen ETH will go all the way down to less than a hundred dollars. This outcome is unlikely though and will probably not happen.

As we all know ETH merged this week and it was a sell-the-news event so ETH as of the time of writing this is at 1444 dollars. It's still headed down to June's low. Breaking Junes low is unlikely, but some reasons ETH might break that support is if the SEC cracks down on crypto and start regulating them. As they said any other crypto other than bitcoin is a security. This is one of the reasons ETH could fall all the way down to 200 dollars.

Everything is unknown now but the information is slowly coming out and this info will change how crypto will act in the future. But for now its more pain ahead. Thank you for reading. Happy Trading