Resell Ethereum at 436.35 | 02 April 2018

Wave Analysis:

Just as in Bitcoin, in February this year, Ethereum, entered into a contracting channel formation and is still pretty much within this channel. As long as the price remains within the two trendlines acting as the resistance and support to the falling channel, we expect a possible momentum to the lowerside. The anticipated bearish price rally will be the continuation of the impulsive wave (5) to the lowerside and may break below 353.35 or even lower. If you're not already in a short position, you could wait for a pullback towards 436.35 to short this crpto with your target at 383.35.

Trade Recommendation:

Resell Ethereum at 436.35 towards 353.32