Technical observation

A breakout was seen when Ether went down below a support 256.34 before rallying down. I expect a pullback to the just broken line a rejection of price at it for possible bearish momentum towards 208.53, Wait for the correction to 256.34 and a rejection at it then short ETH at it with your take profit at 208.53 and stop loss around 274.96.Shoul there be a breach below 208.53, wait for a correction to it to confirm further decline in price before you continue short with the pair. The crypto on the 4hour chart above is bearish, only short positions look idea l and can be recommended towards 208.53.

Trade signal

Sell Ether around 256.34 with your take profit at 208.53 and stop loss around 274.96.

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