Ethereum approaching major support, watch for break of key level

COINBASE:ETHUSD   Ethereum / U.S. Dollar

Ethereum is approaching our major support level at 995 ( Fibonacci retracement , horizontal swing low support) and a clean break of this level could open a potential drop to 769 major support ( Fibonacci extension , horizontal swing low support). We have to be careful of intermediate support at 931 ( Fibonacci retracement , horizontal swing low support).

RSI (34) has made a bearish exit of our ascending support-turned-resistance line signaling that we’re likely to see massive bearish pressure.

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This analysis is provided as general market commentary and does not constitute investment advice.
To the upside.
+1 Reply
Looks like an attempt to break through, your thoughts?
Hi Tickmill, please share more of your views on ETHUSD, thanks!
+2 Reply
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