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Ethereum - Good news background changes to correction

KRAKEN:ETHUSD   Ethereum
Even the positive news background could not keep Ethereum from falling; at the time of the writing, its rate has reduced by more than 7% against the US dollar. The quotes are trading according to the our scenario predicted a few days ago.

Ethereum on the hourly chart has almost touched its bottom at the $230 mark. One can expect a rollback from this point to the green zone ($250-$265) within a few days. The end of the correction is also supported by the RSI indicator which is located on the verge of the oversold area.

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