Ethereum looking worse as the days go by!

Ethereum finally looked like it might be out of the doghouse and could possibly test supply above but yesterdays drop has put everything back into question. If we cannot get above the EMAs & trendline here and we drop back into the support area below could further put the nail in the coffin for Ether as it will most likely head back to $195.

We have seen in the past that ETH PA does sometimes lead the market so a breakdown here could spur a break down in Bitcoin and the rest of the market.

Thanks guys