Technical Observation

Ether' is currently trading with an increasing bearish momentum. For the second time in a span of less than one week, the larger Simple Moving Average 152 has gone above the other simple moving averages. This is a potential bearish dominance signal and while the price is below these three, I expect further momentum to the lower side. On it's way to the lower side, the key reversal points to look for include $345.02, $241.21, $124.21 and $82.00. A break below these lines will push the price lower to somewhere around $50.00

Trade Signal

Short ETH now towards $342.00