Ethereum Sell a Break Setup.
Updated
Ethereum - Intraday - We look to Sell a break of 2568 (stop at 2641)
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
2570 has been pivotal.
A break of the recent low at 2574 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 2381 and 2321
Resistance: 2750 / 2815 / 2900
Support: 2570 / 2500 / 2400
Daily signals are bearish.
There is no clear indication that the downward move is coming to an end.
2570 has been pivotal.
A break of the recent low at 2574 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 2381 and 2321
Resistance: 2750 / 2815 / 2900
Support: 2570 / 2500 / 2400
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