Ethereum is following my previous weekly idea below. ETH has now formed a bear flag and is penetrating the 4H cloud. Resistance from flag, cloud and other levels at around $245, where I expect the price to resume its downward trend. Bear flag target $175. There is a twist on the weekly ichimoku which would allow price to fall through it.
Comment:
On the daily a clear ascending triangle appears with a target at around $256, 5% more than the above target of $245.
