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Ethereum has broken major support! Keep an eye out on this trade

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Ethereum (COINBASE:ETHUSD)  
Tickmill Broker  
COINBASE:ETHUSD   Ethereum
Trend Analysis Harmonic Patterns Chart Patterns ETHUSD ethusdlong ethusdshort Ethereum (Cryptocurrency) ethereumshort ethereumlong ethereumidea ethusdidea Cryptocurrency
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trendanalysis harmonicpatterns chartpattern ethusd ethusdlong ethusdshort ethereum ethereumshort ethereumlong ethereumidea ethusdidea cryptocurrency
Ethereum has broken major support-turned-resistance at 995 triggering a bearish exit. Our 1st resistance is at 995 (Fibonacci retracement, horizontal pullback resistance, breakout level) where a strong drop could occur from pushing price all the way down to 769. We have to be careful about 931 support level as price has bounced off that area previously and it currently serves as intermediate support.

RSI (55) is seeing pullback resistance to our ascending support-turned-resistance line.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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