Etherium was unable to hold the lower support of the logarithmic channel it had followed since last Christmas. I expect Etherium to return to the 61.8% fibonacci retracement at 215, and possibly to the 78.6% at 158. The descent may be slowed by a support line on the non-logarithmic chart, but I believe it will be unable to hold as the longer term log channel has been broken.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.