Technical Observation

ETH is currently trading with an increasing bearish bias. Yesterday, Ether rallied lower and even went below the hourly support line $463.96, and even most important, the price went below the three SMAs, and is still below these lines, while the price is contained below this two, I expect an acceleration to the lower side with an ideal take profit at $426.70. While the price is contained below these three, SMAs and $463.96, I expect a surge downwards. Conservative traders should wait for pullbacks to short Ether towards $406.70.

Trade Signal.

Sell Ether towards $406.70

101% Double the volume