Ethereum looks to have broken in intermediate term down trend. I expect Ethereum to re-test the overhead resistance area of 307-331 which is the 50% retrace of the recent sell move from the 400s down to 200s. If this major sell zone can be breached it would indicate a target of at least $500 and could rock as high as $900-1000 based on FOMO targets. These targets are fibonacci based.
I think Ethereum will have trouble breaching the overhead major sell zone until the Bitcoin forking uncertainty is behind us.
I think Ethereum will have trouble breaching the overhead major sell zone until the Bitcoin forking uncertainty is behind us.