Ethereum has 3 important lines above:
- 78.80 Fibonacci level.
- Upper downtrend channel line.
- Previously big support and now big resistance line (at around $480+).
I'm expecting it to go lower till it will reach 88.60 Fibo lvl, at ~$190. IF Ethereum will break previously mentioned 3 important resistance lines, it will gain a lot of momentum and will go up, by a lot of $. But it's not likely the case right now. We will see.
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter https://twitter.com/Woytech
or on TradingView https://www.tradingview.com/u/Voytech/