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Despite Ethereum standing as a market leader in the cryptocurrency arena, recent technical analysis warns of possible volatility on the horizon. With ETH currently testing its trendline support, a break could send prices to $1,380, a significant fall from its present value. Meanwhile, the investment community is turning their attention to TMS Network (TMSN), a decentralized platform revolutionizing trading derivatives with cryptocurrency payments.
Ethereum A Potential Crash Looms on the Horizon
According to recent technical analyses, the dominant cryptocurrency Ethereum (ETH) is demonstrating signs of potential vulnerability. Ethereum is presently testing a critical parameter – its trendline support. This support is a fundamental concept in technical analysis, serving as a price floor or safety net, safeguarding an asset from further declines. Currently, Ethereum (ETH) is balancing on this precarious threshold.
If Ethereum trendline support is broken, it indicates a surging selling pressure that outweighs buying, possibly leading to a sharp price fall. The next support level for Ethereum stands significantly lower, at $1,380, compared to its current market price. However, the trading volume, which typically surges during such significant price movements, does not show expected activity levels. This unusually low volume during Ethereum (ETH) testing of its trendline support rings alarm bells. However, should Ethereum (ETH) hit the $1,380 mark, it may attract buyers looking for a favorable entry point, potentially serving as a springboard for Ethereum (ETH) price recovery.
TMS Network Attracts Investor Focus Amidst Market Uncertainties
TMS Network (TMSN) is grabbing significant attention, not just surviving but thriving amidst U.S SEC and some crypto exchange face-offs. TMSN innovative platform bridges traditional and crypto markets, allowing users to trade cryptocurrencies, forex, CFDs and equities. This multifaceted functionality has been a game-changer, leading to a surge in TMS Network (TMSN) popularity among the cryptocurrency investment circle.
Since its launch, TMS Network has been on a steady uphill trajectory. The value of TMSN has been growing consistently from its stage 1 presale price of $0.025 to a remarkable $0.12 in the current presale stage 4. This trend signifies considerable appreciation, capturing the attention of global investors.
With a 300% appreciation during its ongoing ICO, TMS Network (TMSN) shows no indications of halting down. Its upward trend paints a promising future for this new platform that disrupts the crypto-traditional market dynamics.
Join the Presale:
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
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