ETH is currently trading with an increasing bearish bias momentum. Yesterday, ETH declined steadily and is still showing potentials of rallying further to the lowerside. While the price is below the three Simple Moving Avarages, 14, 52, and 152, I expect a surge to the lowerside. And if you don’t have a short position already, wait for a retracement towards $313, then pick a low risk short position with you take profit at 210.00. As it is on the hourly chart, only a short position looks ideal.
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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