Support and resistance can be found in this blue wedge type pattern as price falls. The previous historical low around $198 has been breached to the downside, which brings in the next area of support around $175 (a significant low from last year). The validated break below the blue 61.8% sets up a full retracement opportunity near $138.
Sentiment remains bearish this week ad the internal momentum gains strength. The ADX, which measure trend strength is increasing along with an elevated red negative directional index. Look for a flat to lower ETH market this week.
Critical Resistance: $255.00
Key Resistance: $236.49
Key Support: $175.00
Critical Support: $127.83
Sentiment remains bearish this week ad the internal momentum gains strength. The ADX, which measure trend strength is increasing along with an elevated red negative directional index. Look for a flat to lower ETH market this week.
Critical Resistance: $255.00
Key Resistance: $236.49
Key Support: $175.00
Critical Support: $127.83