BITFINEX:ETHUSD   Ethereum / U.S. Dollar

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum fell to test the low of Feb. 6 at $564 today. Traders should defend this level because if it's broken down a fall to $495 is possible.

Conversely, any pullback will find resistance from $660 level and the strongest one will be at $770 level and the trendline . Ethereum will turn positive only on a break out of the trendline .

Please be noted that I'm just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.
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