ETH is trading below the 20 and 50 EMA (a 20/50 cross over may happen in a few days which is viewed as bearish), Heikin Ashi bars are red and the general trend is down within the channel. Listed potential support levels, 100 and 200 EMA, Fib levels, the spike low a few months ago and the level before the massive breakout. Where will the support be? Potential buying opportunities for those interested in ETH as a mid/long term hold.
Volume spiking up, is it sellers getting out before it falls off, or buyers thinking it's ready to rally off the 100 EMA? Watching closely.
Glenn408
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@race87, From the coinmarketcap page for ETH and under the markets tab, the 2 markets with the highest volume trades are ETH/KRW. It looks like the South Korean's are trading ETH fairly heavily... I'd keep an eye on BTC, if that continues to drop, the rest of the crypto's will typically follow.