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