Near a new Lower High. Still short.

Ethereum is simply extending the Lower High bands on the projected pitch sequence since the May 5th 838 Top. This is the low gradient curve pattern on 1W (RSI = 44.217, MAC = -19.690, Highs/Lows = -35.7939, B/BP = -157.5351) and the parallel continuation of the 1D Channel Down (RSI = 48.062, MACD = -12.640, Highs/Lows = 10.5048). The new estimated rejection area is illustrated inside the eclipse. The strategy remains to sell such price increases as ETHUSD is still within a long term bearish Channel. TP is intact = 357.60 (April 01,2018 low). If reached, new shorts will be added at 508.00.