If ETH manages to breach the 1.618 fib at $137.60 identified in my last post, the next sell setup will be at the 100 day EMA - $139.68. Happy trading.
ETH bulls need to make a move here or support will likely break. The moving averages are in a very bearish posture now as they continue to apply bearish pressure at the support level.
This is unlikely but should be considered as a possibility.