Ethereum is currently trading back around the $1,100 level following Monday’s 20% correction to beneath $910.
However, a rejection from this level would be a concerning sign as it would indicate a lack of bullish momentum.
If that is the case, downside targets would begin to emerge at both $1,000 and $910, although a deeper correction could re-test the previous breakout level at $750.
It now needs to avoid printing a lower high in terms of price action by beginning to close daily candles back above the $1,125 mark.
Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy-in to his proposal.
More Ethereum news and information
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