Technical Observation

Ether' is currently trading with an increasing bearish momentum. Currently, the middle Simple Moving Average (52) is trading above the other two moving averages (14, 152). ETH is still bearish however, I'm not going to short it now, instead, I'm waiting for the larger SMA, 152, to rise above the other two moving averages , 14, 52, and then a signal in price to short this Crypto. On its way to the lower side, the key lines to look for include $345.20, $310.20, and $135.00. Should these lines be breached, then a steep decline towards $50.00 is expected.

Trade Signal.

Wait for a signal to short ETH