ETH is currently trading with a strong bearish bias sentiment. Ether is still rallying below the three Simple Moving Averages (14,52,90), and as I stated clearly earlier last month, while the price is below these lines, I expect nothing but a drop in value and may go below $250.00. On its way to the lowerside, the key lines to check for include $400.00, $375.00, and $300.00. If these lines are breached, then the price will push further to the lowerside. As it is, only a sell position looks ideal. But should the price break above the three SMAs, then I’ll expect a spike upwards.
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