The price of Ethereum is consolidating in the triangle formation, so we expect a downside break out very soon. 188 level will be our first aim. After that, 175 will be our next strong support, especially as this level is situated on a bottom line of a potential channel formation.
145 level will be a strong support in long-term if the price manages to break the previous support levels.
145 level will be a strong support in long-term if the price manages to break the previous support levels.
Comment:
The price has reached and staying close to our support level at 175. If the downside movement continues, 145 will be eyed. If the price manages to erase its loses, it will retest 188 in short-term.
Comment:
The price stayed for a while close to 175 level, but it hasn't managed to reach 145. At this moment we can see it retesting 188 level. We continue to observe 175 as the support, meanwhile, touched earlier 210 level will be our upward target.