Ether's repeated failure to penetrate/keep gains above $220 indicates buyer exhaustion.
RSI has dived out of an ascending trendline, signaling an end of the price rally from lows observed in March.
MACD has crossed under zero, confirming a bearish reversal, having produced lower highs or diverged in favor of the bears at the end of April.
Price could drop to the confluence of the 100-day average and the two-month ascending trendline near $190.
Bearish case would be invalidated on daily close above $220.
RSI has dived out of an ascending trendline, signaling an end of the price rally from lows observed in March.
MACD has crossed under zero, confirming a bearish reversal, having produced lower highs or diverged in favor of the bears at the end of April.
Price could drop to the confluence of the 100-day average and the two-month ascending trendline near $190.
Bearish case would be invalidated on daily close above $220.