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Short

Ethereum prefers falling

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
In the previous review on Ethereum we wrote about the intrigue and uncertainty of direction of ETHUSD’s further movement.
The choice is made: Ethereum has moved down and is already fixed at lower price levels.
The only hope of bulls is MAcross on the weekly chart: it is still in the purchase.
However, judging by many other cryptocurrencies, a coup to sale is only a matter of time.
The remaining signs of a downward trend are evident:
The slow and fast moving averages of the daily chart are reducing + the MAcross is on sale.
The rate went from previous consolidation downwards and is fixed near the February minimums.
The supportive long-term zone of dense shading, and hence long-term support for the exchange rate, on the chart is only about $ 300, that is more than -50% of the current price
Thus, a further reduction in price of the Ethereum is more likely.
The cancellation of the idea is if the price rises above $ 900.

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