Technical crypto analysis based on breakout – Sell Ether towards $373.60


Sell Ether towards $373.60

Technical Observation:

ETH is currently trading with an increasing bearish bias. Ether continues to rally below the three SMAs, 14,52,90, and is not showing any signs of breaking above this. As I mentioned sometimes in the past, while the price is situated below these three, I expect a surge to the lowerside and should break below $373.60, should this take profit be broken, then a momentum towards $308.09 or even lower is expected.

Technical Levels

Resistance levels

R1: 523.43

R2: 580.95
R3: 671.89
support Levels
S1: 308.09
S2: 399.04
S3: 432.48
Trade Signal
Sell Ether towards $373.60

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