Technical Observation: Ethereum is currently trading with an increasing bearish momentum. While the price is below the three simple Moving Averages 14, 52, 152, I expect a surge further to the lowerside with an ideal take profit at $150.87. On its way to the lowerside, the key lines to look for include $250.65, $230.76 and $197.7. If these lines are breached, then a steep decline further is expected. As it is on the hourly chart, I only advice looking for a long term short position with our take profits as stated above. Trade Signal. Sell Ethereum
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