Ethereum has broken major support! Keep an eye out on this trade

2 thg 2, 2018

Ethereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area previously and it currently serves as intermediate support.

RSI (55) is seeing pullback resistance to our ascending support-turned-resistance line.

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