Technical Observation

Ether's is currently trading with an increasing bearish momentum. Since last week's forecasts, this Crpto has been in a relentless downtrend, and is not showing any clear signs of gaining value in the near future. I expect the price to plunge further especially while the price is below the $445.30 handle. This downward rally is highly likely to be the case, since the price is still below the two simple moving averages, (52, 152). While the price is below these SMAs, I expect a bearish surge towards the $254.22 handle and should stretch lower.

Trade Signal.

Short ETH now towards $254.24