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Short

ETH/USD trades slightly weak,decline till $13/$12.55 is possible

KRAKEN:ETHUSD   ETHUSD
100 0 3
Major intraday support - $13.40 (23.6% retracement of $10.29 and $14.39)

Major resistance- $14.40 (31st May high)

The pair is facing stiff resistance of $14 for the day and any break above will take the ethereum till $14.40/$14.85 in short term.

On the down side minor support is around $13.60 and any violation below $13.60 will take the pair down till $13.40/$13.20/$13/$12.55.

The pair should close below $12.55 for minor weakness till $11.85/$11.20 level. Short term weakness only below $10.

Ethereum minor trend is slightly weak and decline till $12.55 is possible.

It is good to sell on rallies around $13.60-$13.65 with SL around $14.05 for the TP of $13/$12.60
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