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ShinForex1

Why will Ethereum drop toward 2500 level

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Ethereum (BITSTAMP:ETHUSD)  
ShinForex1 Updated   
BITSTAMP:ETHUSD   Ethereum
Trend Analysis Chart Patterns Technical Indicators Cryptocurrency ethereun Bitcoin (Cryptocurrency) ETHBTC ETHUSD
706
89
trendanalysis chartpattern indicator cryptocurrency ethereun bitcoin ethbtc ethusd
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair

snapshot

structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!!

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Comment:
Several "spot ETFs" are expected to be approved by the SEC, causing Ethereum's price to rise recently but I still hold my bias to more downside. so lets get this ETF off the radar

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