BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Last week we issued a SELL on ETHUSD as we expected it to decline into $150-176. This week we are revising our SELL, believing ETHUSD to be a BUY at $140-$165.

Price is expected to decline in the short term to support at $176, as last week we began our negative movement.

ETHUSD is heading into an area of high volume support, so it shouldn't drop lower than $140.

BUYING ETHUSD At $140 or $150 will be the most optimal return, however that trade may not present itself for weeks as price may trade sideways and slowly down, not just a rapid decline to that zone.

Should price increase above $196, it is worth a BUY as it may increase to $233.

Our SELL last week on ETHUSD:

Have any questions? Leave a comment down below.

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