Sell Ether towards $373.60 | 25 June 2018

Technical Observation:

ETH is currently trading with an increasing bearish bias. Ether continues to rally below the three SMAs, 14,52,90, and is not showing any signs of breaking above this. As I mentioned sometimes in the past, while the price is situated below these three, I expect a surge to the lowerside and should break below $373.60, should this take profit be broken, then a momentum towards $308.09 or even lower is expected.

Technical Levels

Resistance levels

R1: 523.43

101% Double the volume

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.