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.
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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Imelda Maseno
Analyst of «FreshForex» company
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