Ether is currently trading with an increasing bearish momentum. Last week, Ether retraced slightly to the upper side but is still below three simple moving averages (14, 52,152). As I said earlier last week, unless the price clearly breach the three SMAs, i expect the further of Ether to plummet further and should first break below $453.30 before a move to the lower side is seen. As it is on the hourly chart, I’m waiting for a break below $453.30 to confirm a possible rally towards, if you’re not already short, you may wait and sell below $453.30.
Sell Ether towards $400.00
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