Ethereum might pull back to support

COINBASE:ETHUSD   Ethereum / U.S. Dollar
Trend line acted previously as support. Now it seems it acts as resistance.
I think price is loosing momentum, maybe it will return down to $255 or $250 and then come back up.
Comment: ... and it shoots up to the sky :D
That all depends on where you draw your trend line.
+1 Reply
1.27 extension suggests 280~ as a profit taking area before retracing down, it could also decide to retrace down anywhere. Either way, 15$ won't make much a difference and no one would blame anyone taking profit here.
+1 Reply
@nlizotte, how wrong we were.. this gain in insane :D
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