Ether is currently trading several points below its daily pivot line $535.15. Most important, the price is currently rallying below the three SMAs, (14,52, 90). And as I mentioned recently, while the price is contained below these three, I expect further momentum towards $439.00 and could extend even lower. As it is on the hourly chart, only sell positions looks ideal, but should the price break above the 90sma, then I expect surge upwards.

R1: 536.35

R2: 548.87

R3: 574.66

523.15

S1: 471.48

S2: 497.29

S3: 510.56

Sell Ether now

!Attention!

All bonus participates in drawdown!

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