After breaking below the 4 hour support level 368.18, Ethereum pulled back to the same level and is now heading to the lowerside. As long as the price remains below 368.18 and within the falling wedge formation, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (v) and should break below 283. If you’e not short already, wait for minor corrections to the upper side. Especially towards 368, then pick a long term short position.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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